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  • 12 February 2018
    Business & Finance

    Two Chinese banks express interest in buying DVB Bank, Reuters cited sources close to the matter.

  • 9 February 2017
    Business & Finance

    Hamburg-based Berenberg Bank has purchased a portfolio of European shipping loans worth around USD 300 million from The Royal Bank of Scotland (RBS), according to the law firm Watson Farley & Williams. Berenberg transferred the portfolio on to Luxembourg fund Berenberg Alternative Assets Fund, which it set up and to which it acts as sole advisor. Fully compliant […]

  • 24 June 2015

    DONG Energy has awarded a contract to supply subsea power cables for the Race Bank offshore wind farm to UK-based company JDR. Additionally, both companies have collaborated on a comprehensive frame agreement for offshore wind farm cable and accessory supply. For this contract, JDR will design and manufacture 110 kilometres of 36 kV inter-array cables […]

  • 24 June 2015

    DONG Energy has awarded a contract to supply subsea power cables for the Race Bank offshore wind farm to UK-based company JDR. Additionally, both companies have collaborated on a comprehensive frame agreement for offshore wind farm cable and accessory supply. For this contract, JDR will design and manufacture 110 kilometres of 36 kV inter-array cables […]

  • 8 June 2017
    Business & Finance

    ​Piedroba’s Dr. Luis Prieto-Portar and Jelle Prins recently assisted the World Bank in organizing a weeklong study tour for a delegation of Bangladeshi Inland Waterway and Transportation Experts. The tour took place on May 14-19 in Belgium and the Netherlands and was a productive week full of knowledge transfer between a variety of dredging and […]

  • 7 July 2020
    Business developments & projects

    SSE Renewables is renaming its Seagreen 2 and 3 offshore wind projects to Berwick Bank wind farm and Marr Bank wind farm, respectively. The move to rename the projects is to distinguish the two standalone offshore wind farms from the neighboring Seagreen 1 project, SSE said. According to the company, the new names are a […]

  • 21 September 2016
    Business & Finance

    Due to a further escalation of the shipping markets crisis, Germany’s transport finance specialist DVB Bank said that it no longer expects to achieve consolidated net income for the 2016 financial year that approaches net income of the previous year, as originally forecast. Namely, the crisis results in higher allowances for credit losses on exposures in Shipping Finance and Offshore […]

  • 23 February 2015
    Business & Finance

    Deutsche Bank plans to invest EUR 1 billion into a portfolio of high quality liquid assets in the form of Green Bonds. These will be held as part of the Bank’s Liquidity Reserve investments. Deutsche Bank has already made EUR 200 million in eligible Green Bond investments and plans for this portfolio to reach EUR […]

  • 20 June 2018
    Business & Finance

    Deutsche Bank agreed the sale of a USD 1 billion portfolio of legacy shipping loans.

  • 12 May 2016
    Business & Finance

    Due to the “persistently difficult segments of the shipping industry” and offshore financing, Germany’s DVB Bank reported an increase in its allowance for credit losses from EUR 13.4 million (USD 15.2 million) to EUR 36.3 million (USD 41.3 million), despite the bank’s cautious lending policy. New allowance recognised for credit losses totalled EUR 131.9 million, of which EUR […]

  • 18 June 2019
    Business & Finance, Rules & Regulation

    Major shipping banks will integrate climate considerations into lending decisions to incentivize decarbonization.

  • 13 June 2018

    Ørsted and its project partners, Macquarie and Sumitomo, officially opened the 573MW Race Bank offshore wind farm on 13 June at a ceremony in Grimsby, UK.

  • 18 December 2017
    Project & Tenders, Vessels

    China Development Bank’s units have signed a memorandum of understanding to purchase and lease back two 162,000 cubic meter LNG carriers. 

  • 26 November 2018
    Business & Finance

    The European Investment Bank (EIB) has held its first offshore wind investment conference in India.

  • 6 August 2015
    Authorities & Government

    The Crown Estate has welcomed the UK Government’s approval of Dogger Bank Teesside A & B offshore wind project. Head of Offshore Wind for The Crown Estate, Huub den Rooijen said: “Today’s announcement marks a great success for the future of the UK’s infrastructure development and is testimony to the hard work of Forewind and the […]

  • 3 December 2019

    Norway’s central bank Norges Bank has revoked „the observation” of the Brazilian oil company Petrobras.

  • 9 July 2020
    Business & Finance, Environment

    SSE Renewables has appointed RPS as the lead consultant for offshore Environmental Impact Assessment (EIA) and shadow Habitat Regulation Appraisal (HRA) for Berwick Bank and Marr Bank offshore wind projects, formerly known as Seagreen 2 and 3. RPS will lead the development of the Berwick Bank and Marr Bank Scoping Reports, EIA Reports, HRA Screening […]

  • 23 October 2014
    Business & Finance

    German shipping banks Commerzbank AG (CBK), HSH Nordbank AG and Norddeutsche Landesbank Girozentrale are among 130 banks undergoing a review by the European Central Bank (ECB) to check their financial stability. The three banks have been clogging shipping debts as struggling container companies sought after loans to compensate for low freight rates. Preliminary findings say […]

  • 12 July 2017
    Business & Finance

    Together with the UN Environment Finance Initiative (UNEP FI), eleven of the world’s leading banks have committed to developing analytical tools and indicators to strengthen their assessment and disclosure of climate-related risks and opportunities.

  • 4 September 2017
    Business & Finance

    Scotland’s energy company SSE has confirmed the formation of a 50:50 joint venture (JV) partnership with Norway’s Statoil to progress three of the four consented Dogger Bank offshore wind projects towards financial investment decisions.

  • 13 May 2016

    The load-out of the jacket for the Burbo Bank Extension offshore wind farm’s substation took place on 11 May at Smulders’ Hoboken yard, the company reported. The jacket, weighing 985 tonnes, was transported by the Matador 3 from the dry dock to the Engie Fabricom yard, where it was placed on a pontoon. The topside and jacket […]

  • 2 November 2016
    Business & Finance

    Danish shipping and energy giant A.P. Møller – Maersk A/S has sold its shares in the Danske Bank A/S for a total of DKK 3.2 billion (USD 477 million). The company has divested its remaining ownership stake of over 16.1 million shares in the Nasdaq Copenhagen-listed Danske Bank through an accelerated bookbuilding process to institutional investors at […]