Search results for: commerzbank

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A list of search results

  • 8 February 2018
    Business & Finance

    Germany’s Commerzbank continued with its efforts to dispose of bad shipping loans in 2017. 

  • 17 December 2013
    Business & Finance

    With an aim to reduce bad loans, Commerzbank AG, Germany’s second biggest bank, has sold 14 chemical tankers to Oaktree Capital Management LP, Bloomberg reports. Back in 2012, Commerzbank decided to step out from ship financing. “We will continue with our consistent strategy of value-preserving reduction,” Stefan Otto, head of the Hamburg-based Deutsche Schiffsbank unit, […]

  • 17 September 2019
    Business & Finance, Research & Development

    The annual global growth of the offshore wind sector will increase to 19.1GW by 2020, from the 4.3GW in 2018, according to Commerzbank AG. Commerzbank anticipates the global wind market to continue to grow, albeit with regional fluctuations, with an average growth rate of 15% in the offshore wind sector in the next ten years. The German bank said […]

  • 2 June 2017
    Business & Finance

    German financial services company Commerzbank has returned its regulatory licence to conduct business concerning ship Pfandbriefe as part of its plan to dispose of bad shipping loans. Namely, in an effort to get rid of a portfolio of EUR 4.5 billion of shipping loans, the bank returned the licence with effect from May 31, 2017. Commerzbank said it […]

  • 17 September 2019
    Business & Finance, Research & Development

    The annual global growth of the offshore wind sector will increase to 19.1GW by 2020, from the 4.3GW in 2018, according to Commerzbank AG. Commerzbank anticipates the global wind market to continue to grow, albeit with regional fluctuations, with an average growth rate of 15% in the offshore wind sector in the next ten years. The German bank said […]

  • 17 December 2012
    Business & Finance

    Paragon Shipping Inc., announced today that it has entered into a binding agreement with Commerzbank AG, subject to certain conditions and final documentation, to amend terms in its loan agreement dated August 12, 2011. More specifically, the Company has obtained waivers and Commerzbank has agreed to the relaxation of several financial and security coverage ratio […]

  • 22 October 2018
    Business & Finance

    Germany’s KfW IPEX-Bank and Commerzbank are financing the third expedition ship for Hapag-Lloyd Cruises.

  • 23 July 2015
    Business & Finance

    Investment firm KKR and London maritime shipping company Borealis Maritime have entered into the $254.5 million acquisition of Hanseatic Ship Asset Management GmbH, a 100 percent owned subsidiary of Commerzbank AG controlling a fleet of 18 container and dry cargo vessels. The acquisition was carried out through a joint venture vehicle established by the two firms. […]

  • 4 April 2018
    Business & Finance

    Maersk Line has reportedly invested USD 280 million to acquire six second-hand containerships.

  • 23 July 2015
    Business & Finance

    Investment firm KKR and London maritime shipping company Borealis Maritime have entered into the $254.5 million acquisition of Hanseatic Ship Asset Management GmbH, a 100 percent owned subsidiary of Commerzbank AG controlling a fleet of 18 container and dry cargo vessels. The acquisition was carried out through a joint venture vehicle established by the two firms. […]

  • 27 August 2014
    Business & Finance

    The joint venture between KKR Special Situations Group of Kohlberg Kravis Roberts & Co. L.P. (USA) and Borealis Maritime Ltd. (UK) has signed an agreement with Frankfurt-based Commerzbank to buy nine container vessels financed by the bank. USD 216 million proceeds will be used  for the redemption of loans. “This transaction is the second successful capital markets […]

  • 22 December 2013
    Business & Finance

    Mercy Ships to Build New Hospital Ship Mercy Ships announced that it has reached an agreement with Asian and European shipbuilding firms to purpose-build a new 36,600-GRT hospital ship for Mercy Ships. Contracts were signed between Mr. Dong Qiang, VP of China Shipbuilding Industry Corporation (CSIC), and Donald K. Stephens, President/ Founder of Mercy Ships, […]

  • 13 June 2014

    Aker Solutions has recruited David Phillips from HSBC Global Equity Research as head of industry and investor relations.  Phillips, 43, served as global co-head of oil and gas research and managing director at HSBC since mid-2011 after joining the bank as an analyst in 2005. He earlier specialized as an analyst covering the chemicals sector […]

  • 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 […]

  • 13 June 2014
    Business & Finance

    Aker Solutions has recruited David Phillips from HSBC Global Equity Research as Head of industry and investor relations. Mr. Phillips, 43, served as global co-head of oil and gas research and managing director at HSBC since mid-2011, after joining the bank as an analyst in 2005. He earlier specialized as an analyst covering the chemicals […]

  • 25 November 2010

    C-Power is pleased to announce that it has closed the financing of the second and third phases of the offshore wind farm on the Thornton Bank (situated about 30 km in the North Sea off the Belgian coast). The financing will be provided by a group of 7 commercial lenders: KBC, Rabobank, Société Générale, KfW […]

  • 17 April 2013
    Business & Finance

    German government-owned development bank, KfW group is considering increasing its presence in the shipping industry, writes Reuters. This announcement follows a previous withdrawal from the shipping business by a number of banks including Commerzbank, Lloyds and UniCredit. KfW doesn’t plan to acquire shipping loan portfolios from other companies but to finance ships for offshore wind […]

  • 11 September 2013
    Business & Finance

    Recently the existing syndicated working capital credit line for the project developer WKN AG has been prematurely extended for about another two years. The credit line of 29 million Euros secures the firm financial base for the operative business of the next coming years. The bank consortium led by Commerzbank Aktiengesellschaft and the Deutsche Bank […]

  • 17 April 2013
    Business & Finance

    German government-owned development bank, KfW group is considering increasing its presence in the shipping industry, writes Reuters. This announcement follows a previous withdrawal from the shipping business by a number of banks including Commerzbank, Lloyds and UniCredit. KfW doesn’t plan to acquire shipping loan portfolios from other companies but to finance ships for offshore wind […]

  • 11 October 2018
    Business & Finance

    Maersk has been linked to a sale of two containerships to Japan’s Nissen Kaiun.

  • 9 December 2015
    Business & Finance

    Athens-based Paragon Shipping Inc. has entered into an agreement with Commerzbank AG for the settling of all amounts outstanding under a USD 57 million facility in exchange for the net sale proceeds of three mortgaged vessels. Under the facility, approximately USD 38.2 million is currently outstanding, which will be paid by the net sale proceeds of Diamond […]

  • 5 October 2016
    Business & Finance

    Eleven companies doing business in the renewable energy sector have called for investment protection for renewable energy projects in Europe.  Acciona, Allianz, Commerzbank, EDPR, Enel Green Power Gamesa, ERG, E.ON, HgCapital, Rabobank and RES Group said that, while the industry acknowledges the need to adjust regulatory frameworks over time to respond to declining technology costs and market developments, retroactive changes […]