Friday, November 4, 2016
Maritime News

KKR’s Pillarstone Set to Snap Up Europe Shipping Loans After Appointing Industry Vet

By Steve Slater LONDON, Nov 4 (IFR) – Pillarstone, the platform set up by US private equity firm KKR to buy non-core bank assets in Europe, looks set to take...

November 4, 2016
Total Views: 4

Thursday, August 11, 2016
Maritime News

RBS Puts Turkish Shipping Loans Up for Sale in Exit from Sector

By Jonathan Saul and Andrew MacAskill LONDON, Aug 11 (Reuters) – Royal Bank of Scotland has put its portfolio of Turkish shipping loans up for sale, in the latest move...

August 11, 2016
Total Views: 6

Monday, July 11, 2016
Maritime News

Interest in RBS Greek Shipping Unit Cools After Brexit Vote

By Jonathan Saul and Andrew MacAskill LONDON, July 11 (Reuters) – Royal Bank of Scotland is facing setbacks over a proposed sale of its Greek ship finance business, with potential...

July 11, 2016
Total Views: 0

Wednesday, June 22, 2016
cargo ship
Maritime News

RBS Receives Bids for Greek Shipping Business, Sources Say

By Jonathan Saul, Sophie Sassard and Andrew MacAskill LONDON, June 22 (Reuters) – The Royal Bank of Scotland has received bids for its Greek ship finance business, banking and financial...

June 22, 2016
Total Views: 0

Thursday, April 7, 2016
cargo ship

Another Tough Year Ahead for Ship Financing as NordLB Looks to Cut Exposure

FRANKFURT, April 7 (Reuters) – NordLB expects lower earnings this year partly as a result of the German public sector bank’s efforts to cut its nearly 20 billion euro ($22.8...

April 7, 2016
Total Views: 13

Tuesday, January 19, 2016
Maritime News

Havila Shipping’s Debt Plan Fails to Gain Support

By Luca Casiraghi (Bloomberg) — Havila Shipping ASA said it has so far failed to get enough support from bondholders to postpone repayments on 5.7 billion kroner ($647 million) of...

January 19, 2016
Total Views: 1

Tuesday, October 20, 2015
Maritime News

Singapore Offshore Vessel Owners Tap Alternatives to Scarce Bank Funding

  By Rujun Shen SINGAPORE, Oct 20 (Reuters) – Offshore services firms in the Asian oil hub of Singapore are turning to higher-cost alternative funding avenues to offset a shortfall...

October 20, 2015
Total Views: 21

Thursday, April 9, 2015

Private Equity’s Big Bet on Shipping Falters as Deal Boom Ends

“We are all just prisoners here of our own device.”

April 9, 2015
Total Views: 1

Sunday, March 29, 2015
hsh nordbank

Germany’s HSH Nordbank Must Use More State Guarantees Due to Dollar -Handelsblatt

HSH, one of the world's biggest players in ship finance, risked collapse in the crisis, and its state owners stepped in to offer 10 billion euros in guarantees to support the lender in 2009.

March 29, 2015
Total Views: 0

Saturday, March 14, 2015
private equity

Shipping, Private Equity and the Theory of Agency

The involvement of the private equity in the shipping industry has consumed plenty of ink and has rekindled not too little of a hope for an industry in distress; since...

March 14, 2015
Total Views: 20

Monday, January 26, 2015
hsh nordbank

HSH Nordbank Sees $1.7 Billion in Bad Shipping Debt Deals

HSH Nordbank AG, the world’s largest financier of ships, is stepping up efforts to unload billions in bad debt racked up during a seven-year glut in the global container fleet.

January 26, 2015
Total Views: 23

Wednesday, November 19, 2014
capesize bulk carrier terminal iron ore dry bulk
Maritime News

Baltic Exchange Faces Competition from EEX

Britain's Baltic Exchange faces competition from EEX, part of Deutsche Borse, as it tries to revive its loss-making Baltex dry bulk freight derivatives platform.

November 19, 2014
Total Views: 0

Thursday, October 16, 2014

Eagle Bulk Shares Soar After Debt Cut By 80 Percent

Eagle Bulk Shipping Inc's shares shot up to as much as $15.46 from 68 cents as the company cut its borrowings by about 80 percent after converting debt into equity under a financial restructuring program.

October 16, 2014
Total Views: 14

Tuesday, August 19, 2014
Maritime News

Star Bulk Acquires 34 Vessels from Excel Maritime

International dry bulk shipping company Star Bulk announced Tuesday an agreement to acquire 34 vessels from troubled shipowner Excel Maritime Carriers.

August 19, 2014
Total Views: 60

Thursday, May 1, 2014
wall street finance new york stock exchange
Maritime News

Life Imitates Art as Wall Street Bets on Shipping Debt

The fictional Robert Fairchild is one of the hottest names on Wall Street.

May 1, 2014
Total Views: 4

Monday, April 7, 2014
port hole ship

A Porthole of an Exit Window for Shipping Investments?

After a year where large vessels such as capesize bulkers and supertankers were barely earning break-even day rates, momentum has since picked up in the shipping market translating to higher...

April 7, 2014
Total Views: 5