Search results for: Marenave Schiffahrts

166 results

A list of search results

  • 6 May 2011

    On May 5th, 2011 Marenave Schiffahrts AG has concluded its vessel new building series and has taken over the fourth supramax bulk carrier from the shipyard. Built at Yangzhou Guoyu Shipbuilding Co. Ltd. in China under hull number GY 430, the MV “MARE TRACER“ will enter into a five year time charter with Hanjin Overseas […]

  • 2 March 2017
    Business & Finance

    Hamburg-based shipping trust Marenave Schiffahrts has received another renewed extension of statements of financing banks not to seriously demand payment in light of pending restructuring negotiations. Until today, Marenave Schiffahrts has received written declarations of the relevant financing banks, according to which they extend their statements (partially) until March 31, 2017. These statements are subject to […]

  • 9 June 2016
    Business & Finance

    Hamburg-based shipping trust Marenave Schiffahrts said that it received a letter of intent from its lenders stating that its entire fleet should be sold in an effort to repay the company’s ship financing loans. The letter of intent, which was sent in the course of the ongoing discussions with the banks financing the Marenave-fleet, remains subject to approval by the banks’ respective bodies. […]

  • 12 May 2017
    Business & Finance

    Hamburg-based shipping trust Marenave Schiffahrts has entered into an agreement to sell its car carrier, operated by the company’s subsidiary Mare Berlin Schiffahrts GmbH. Although the company did not disclose the name of the vessel in question, VesselsValue lists the 2005-built Hoegh Berlin as the only car carrier operated by the company. Financial details of the […]

  • 29 May 2017
    Business & Finance

    German shipping trust Marenave Schiffahrts AG has sold three of its tankers to undisclosed buyers for a total of USD 24.2 million, data provided by VesselsValue shows. Disposed of through a bank sale, the ships in question are LR1 tankers Mare Atlantic and Mare Pacific, which fetched a price of USD 6.8 million a piece. The third vessel from […]

  • 5 October 2017
    Business & Finance

    Germany’s shipping trust Marenave Schiffahrts AG is not backing down from its fight for survival despite various hurdles that came its way over the recent period. Marenave said it is preparing an alternative future and capital increase concept, which will be presented to the company’s shareholders at the upcoming annual general meeting. “This concept has relevance not […]

  • 7 July 2017
    Business & Finance

    German shipping trust Marenave Schiffahrts has been successfully released from the remaining liabilities owed to the banks as it completed the sale of its car carrier. Namely, the company was released from liability owed to the banks financing the Marenave fleet in connection with the obligations taken on to secure the ship financing loans after surplus […]

  • 28 November 2016
    Business & Finance

    German-based shipping trust Marenave Schiffahrts said that it has conducted “promising negotiations” with financing banks in order to avoid insolvency. The move comes less than a month after the company received notice from two banks financing the Marenave-fleet stating that Marenave’s restructuring concept, which has been negotiated so far, will not be supported. “Already at the beginning of […]

  • 16 February 2016
    Business & Finance

    German-based shipping trust Marenave Schiffahrts has reached an agreement with the bank consortium financing the company’s eight product tanker and container shipping companies to extend its restructured debt. The initial agreement, reached in April 2013, was supposed to cover the company’s businesses until the end of 2015, but it has now been extended to June 30, 2016. The new structure effectively […]

  • 20 March 2018
    Business & Finance

    Ernst Russ has sold its stake in compatriot Marenave Schiffahrts AG.

  • 21 February 2017
    Business & Finance

    Hamburg-based shipping trust Marenave Schiffahrts has reached an investment agreement with Offen Group and DEVK insurance firm as the company continues its restructuring efforts. Under the deal with CPO Investments and DEVK Allgemeine Versicherungs-Aktiengesellschaft, the investors will provide an initial financing in the minimum amount of EUR 2 million (USD 2.1 million) to be effected by way of […]

  • 19 July 2018
    Business & Finance

    Exiting the shipping business, Marenave Schiffahrts changes its name to Marna Beteiligungen AG.

  • 27 January 2017
    Business & Finance

    Hamburg-based shipping trust Marenave Schiffahrts has managed to secure some breathing space from financing banks which said they will not seriously demand payment in light of pending restructuring negotiations. The company received written declarations of the relevant financing banks, according to which they will extend their statements not to seriously demand payment of the amounts due under […]

  • 8 November 2016
    Business & Finance

    Two financing banks have notified the German-based shipping trust Marenave Schiffahrts that its restructuring concept, which has been negotiated so far, will not be supported. Namely, the company said that all financing banks of Marenave-Group had signed a letter of intent on the restructuring concept, subject to approval by the banks’ respective bodies, on June 6, […]

  • 19 September 2017
    Business & Finance

    The existence of German shipping trust Marenave Schiffahrts comes once again into question as the proposed capital reduction – the condition for implementing the restructuring concept – has been rejected by key shareholders. At the annual general meeting held on September 15, members postponed capital reduction. Consequently, the investment agreement involving CPO Investments GmbH & Co. KG […]

  • 17 November 2017
    Business & Finance

    Fresh from its financial restructuring German Marenave Schiffahrts AG dismissed its Chief Executive Officer Ole Daus-Petersen, who headed the process, the company said on Thursday, November 16. “Newly formed Supervisory Board terminated Ole Daus-Petersen’s appointment as sole member of the Management Board with immediate effect. At the same time Bernd Raddatz – the company’s former Authorised Signatory […]

  • 27 September 2017
    Business & Finance

    The remainder of the fleet once owned by German shipping trust Marenave Schiffahrts has been sold through a bank-driven process, data provided by the company shows. The data lists a mix of six tankers, two containerships, four bulk carriers and a car carrier as sold. The majority of the fleet was disposed of in March, […]

  • 5 April 2017
    Business & Finance

    German shipping trust Marenave Schiffahrts AG has agreed with its financing banks upon the company’s restructuring. The condition for the restructuring is the sale of the entire Marenave fleet. On March 31, the company entered into an agreement on restructuring and release of liability, and a waiver and liquidation agreement with its financing banks. Under the […]

  • 18 August 2017
    Business & Finance

    German asset and investment management company Ernst Russ seems to be on the path of seizing more control of compatriot Marenave Schiffahrts AG. Namely, the asset manager, which holds a minority stake in Marenave, has sought removal of Klaus Meyer as a member of the company’s supervisory board with effect on September 15, 2017, when […]

  • 31 July 2014
    Business & Finance

    In the dispute between Hamburg shipping company E.R. Schiffahrt and investment firm MPC Flottenfonds III, the Higher Regional Court of Hamburg (Oberlandesgericht Hamburg – OLG) ruled in favour of E.R. Schiffahrt on July 25, 2014.   The purpose of the interim injunction proceedings was to secure the funds arising from the sales proceeds for the […]

  • 14 November 2016
    Business & Finance

    Nordcapital Investment Gmbh, a shipping, real estate, private equity and energy investment group, has sold two platform supply vessels (PSVs) to the Azeri offshore marine support vessels operator Caspian Marine Services Ltd. According to information provided by VesselsValue, the vessels were sold for a price of $6 million each. The two PSVs, the E.R. Aalesund and […]

  • 1 December 2016
    Business & Finance

    Athens-based dry bulk shipping specialist Seanergy Maritime Holdings has taken delivery of a 178,838 dwt Capesize dry bulk vessel, renamed to M/V Lordship and built in 2010 by Hyundai Heavy Industries in South Korea.  The M/V Lordship is the first of two Capesize vessels that the company has agreed to acquire for a gross purchase price […]