Wednesday, March 17, 2021
Environment

Japanese Banks Sign The Poseidon Principles

By Jonathan Saul (Reuters) – Leading Japanese lenders have joined an initiative that links the provision of shipping finance to cuts in carbon dioxide emissions as the sector accelerates efforts...

March 17, 2021
Total Views: 1397

Thursday, December 17, 2020
ships in port
Environment

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...

December 17, 2020
Total Views: 555

Tuesday, December 15, 2020
cargo ship
Shipping

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...

December 15, 2020
Total Views: 1577

Thursday, August 22, 2019
container ship
Maritime News

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...

August 22, 2019
Total Views: 8

Tuesday, June 18, 2019
containership sailing
Maritime News

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...

June 18, 2019
Total Views: 20

Monday, June 18, 2018
cargo ship
Maritime News

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...

June 18, 2018
Total Views: 2

Friday, June 15, 2018
Trade routes of Rinko Corp
Maritime News

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...

June 15, 2018
Total Views: 6

Wednesday, February 28, 2018
cargo ship at sea
Maritime News

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...

February 28, 2018
Total Views: 3

Monday, October 30, 2017
euro
News

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...

October 30, 2017
Total Views: 0

Monday, July 24, 2017
cargo bulk ship
News

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...

July 24, 2017
Total Views: 8

Thursday, June 1, 2017
Maritime News

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...

June 1, 2017
Total Views: 15

Friday, March 10, 2017
cargo ship
Maritime News

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...

March 10, 2017
Total Views: 9

Friday, January 20, 2017
News

RBS Sells $600 Million of Shipping Loans -Sources

LONDON/TOKYO, Jan 20 (Reuters) – Royal Bank of Scotland has concluded agreements to sell at least $600 million worth of shipping loans from its portfolio as part of efforts to...

January 20, 2017
Total Views: 1

Monday, January 9, 2017
Blog

Infographic: Top Ten Ship-Owning Nations in 2017

Here is an infographic provided by the ship valuation experts at VesselsValue.com showing the world’s top ten ship-owning nations in the year 2017. As you can see Greece is number...

January 9, 2017
Total Views: 16

Wednesday, December 21, 2016
cargo ship
News

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,...

December 21, 2016
Total Views: 18

Tuesday, December 20, 2016
chembulk-tanker
finance

Jack Noonan Named CMA Commodore

Today the Connecticut Maritime Association (CMA) named Mr. John D. “Jack” Noonan, CEO of Chembulk Tankers,  Commodore for the year 2017. Mr. Noonan follows a long succession of influential maritime industry...

December 20, 2016
Total Views: 5

Wednesday, December 14, 2016
Maritime News

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...

December 14, 2016
Total Views: 17

Monday, November 14, 2016
loaded containership
News

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...

November 14, 2016
Total Views: 1

Wednesday, November 9, 2016
Maritime News

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...

November 9, 2016
Total Views: 29

Tuesday, November 8, 2016
News

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...

November 8, 2016
Total Views: 13