Wednesday, March 17, 2021
Thursday, December 17, 2020
Investor EnTrust Global Turns Sights to Green Shipping Assets
By Jonathan Saul LONDON, Dec 17 (Reuters) – U.S. investment company EnTrust Global, already a player in shipping finance, aims to buy ships that generate lower emissions, an executive said, the latest...
Tuesday, December 15, 2020
Shipping Lenders Fall Short of Sector’s Carbon Targets
By Jonathan Saul LONDON, Dec 16 (Reuters) – Many of the world’s biggest lenders to shipping companies fell short of carbon-cutting targets last year in the first analysis of CO2 goals for...
Thursday, August 22, 2019
Citigroup’s New Shipping Finance Chairman to Deepen Environmental Focus
By Jonathan Saul LONDON, Aug 22 (Reuters) – Citigroup’s veteran shipping finance banker Michael Parker is to become chairman of the bank’s shipping & logistics business, a role which will...
Tuesday, June 18, 2019
Banks With $100 Billion in Shipping Loans Get Strict on Climate
(Bloomberg) –A group of financiers with $100 billion of loans to shipowners are about to get stricter on the kinds of vessels they’ll finance as part of a drive to...
Monday, June 18, 2018
Deutsche Bank Said to Offload $1 Billion Ship Loan Portfolio
By Arno Schuetze and Jonathan Saul FRANKFURT/LONDON, June 14 (Reuters) – Deutsche Bank has found a buyer for the bulk of its bad ship loans as it seeks to draw...
Friday, June 15, 2018
Tiny Japan Shipping Shares Jump On North Korea Detente Hopes
by Yoshiyuki Osada (Reuters) – Shares of small Japanese shippers jumped this week after the historic summit between U.S. President Donald Trump and North Korean leader Kim Jong Un sparked...
Wednesday, February 28, 2018
State Owners Sell Germany’s HSH Nordbank, Once the World’s Largest Shipping Bank, to Buyout Groups
By Arno Schuetze and Jan Schwartz HAMBURG, Feb 28 (Reuters) – A consortium of buyout groups will pay around a billion euros for Germany’s HSH Nordbank , once the world’s largest...
Monday, October 30, 2017
HSH Nordbank Privatization Attracts Private Equity Offers -Sources
FRANKFURT, Oct 29 (Reuters) – The owners of Germany’s HSH Nordbank received binding offers from private equity groups Apollo, Cerberus and J.C. Flowers by a deadline on Friday as part...
Monday, July 24, 2017
European Banks Struggle to Solve Toxic Shipping Debt Problem
By Jonathan Saul LONDON, July 24 (Reuters) – Dutch shipowner Vroon is finding talks with banks tough going as it tries to navigate a way out of a long slump...
Thursday, June 1, 2017
Commerzbank Moves Closer to Shedding Toxic Ship Loans
FRANKFURT, June 1 (Reuters) – Commerzbank AG on Thursday announced significant steps in its effort to shed its 4.5 billion euro ($5.05 billion) portfolio of distressed shipping loans. The German...
Friday, March 10, 2017
NordLB to Inject Capital into Bremer Landesbank After Shipping Writedowns
FRANKFURT, March 10 (Reuters) – German state-controlled lender NordLB will inject money into its loss-making Bremer Landesbank (BLB) unit, which is suffering from a weak shipping market that is chipping...
Friday, January 20, 2017
Monday, January 9, 2017
Wednesday, December 21, 2016
RBS Close to Selling Shipping Loans Worth $600 Million -Sources
By Jonathan Saul and Andrew MacAskill LONDON, Dec 21 (Reuters) – Royal Bank of Scotland is close to selling at least $600 million worth of shipping loans from its portfolio,...
Tuesday, December 20, 2016
Wednesday, December 14, 2016
Proposed New Capital Rules Threaten Struggling Shipping Sector
By Jonathan Saul LONDON, Dec 14 (Reuters) – The global shipping industry will hit a credit crunch if proposed new bank capital rules are implemented in a sector already weighed...
Monday, November 14, 2016
German Shipping Bank DVB Seeks Capital Increase Amid Downturn
FRANKFURT, Nov 14 (Reuters) – German shipping bank DVB said on Monday it will seek a capital increase after write-downs on bad loans pushed the lender to forecast an even...
Wednesday, November 9, 2016
Bank of Ireland Still Winding Down Shipping Loan Business
By Jonathan Saul LONDON, Nov 9 (Reuters) – Bank of Ireland said it is still winding down its shipping business, among a number of banks looking to cut non-core lending...
Tuesday, November 8, 2016
Bank of Ireland Joins Others in Shipping Loan Wind Down
By Jonathan Saul LONDON, Nov 8 (Reuters) – Bank of Ireland said it is winding down its shipping business, joining other banks looking to cut non-core lending and exposure to...
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