Search results for: shipping loan

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  • 11 April 2019
    Business & Finance

    Nord/LB sold its EUR 2.6 billion shipping loan portfolio to an affiliate of Cerberus Capital Management.

  • 28 November 2019

    ​National Bank of Greece (NBG) is to sell a EUR 262 million (about USD 288 million) portfolio of shipping loans.

  • 24 January 2017
    Business & Finance

    Japanese financial services group Orix Corporation has confirmed the purchase of USD 289 million worth of shipping loans held by The Royal Bank of Scotland (RBS), adding that it plans to “accelerate investment in shipping loans.” The market for global maritime trade has fallen into a prolonged downturn triggered by a slowdown in growth in China and a resulting decline […]

  • 23 January 2017
    Business & Finance

    Royal Bank of Scotland has reached an agreement to sell some USD 600 million worth of shipping loans from its portfolio, Reuters said citing sources close to the matter. Namely, Reuters informed that the buyers of the shipping loans include the Japan-based financial services group Orix Corporation, which reportedly said it would purchase USD 290 million […]

  • 24 November 2009
    Business & Finance

    Banks in Europe are breathing easy after it was confirmed much of the continent has emerged from recession… Source: Associated Press, November, 2009;

  • 22 December 2016
    Business & Finance

    Royal Bank of Scotland could soon dispose of some USD 600 million worth of shipping loans from its portfolio, Reuters informed citing sources close to the matter. Namely, the loans, primarily derived from the bank’s Greek shipping business, are being sold in various parcels, the sources told Reuters. The potential buyers of shipping loan tranches reportedly include Japan’s […]

  • 12 August 2016
    Business & Finance

    The Royal Bank of Scotland has reportedly decided to sell its portfolio of Turkish shipping loans after facing a number of bad shipping loans arising from a sluggish demand in the shipping industry, Reuters cited sources close to the matter. Namely, RBS, which is currently in the midst of a restructuring, is trying to exit this […]

  • 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 […]

  • 4 July 2017
    Business & Finance

    The German shipping bank Norddeutsche Landesbank (Nord/LB) has given up on the decision to sell its shipping loans to KKR, Nord/LB confirmed to World Maritime News. The company said that the parties “agreed to not pursue the mentioned shipping portfolio transaction anymore.” Under the previous sale agreement reached between the companies, Nord/LB was supposed to sell a portfolio of performing […]

  • 18 April 2018
    Business & Finance

    Nord/LB returned to profit in financial year 2017 after significantly reducing its shipping loan portfolio.

  • 5 July 2016
    Business & Finance

    Hamburg-based banking company Joh. Berenberg, Gossler & Co. (Berenberg Bank) has secured some USD 500 million in private equity funding which would be invested in shipping loans, Bloomberg reports. At the end of June, the bank entered a memorandum of understanding with an undisclosed international investment company, to support some 400 shipping firms. Berenberg’s head of shipping, […]

  • 27 January 2015
    Business & Finance

    Hamburg-headquartered HSH Nordbank is ramping up the efforts to shed EUR 1.5 billion (USD 1.7bn) of bad shipping loans accumulated over a seven-year slump in the industry by finding shipping companies that would take over ships from defaulting debtors, German business and finance newspaper Handelsblatt reports. HSH Nordbank will try to use the same model applied on the […]

  • 20 June 2018
    Business & Finance

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

  • 8 February 2018
    Business & Finance

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

  • 6 August 2015
    Business & Finance

    U.S. investment funds have set their sights on USD 13 billion worth of shipping loan portfolios held by Italian banks, following the changes of Italy’s laws and regulations which lower the risk of them being dragged into long bankruptcy proceedings, Reuters reports. Davidson Kempner, King Street Capital, York Capital and Z Capital, a private equity firm, have reportedly expressed […]

  • 11 January 2019
    Business & Finance

    EIB unveils the first green shipping loan through Dutch bank ABN Amro.

  • 6 September 2017
    Business & Finance

    Hamburg-based banking firm Berenberg, together with a Japanese financial institution, has purchased around USD 460 million shipping performing loan portfolio from the Royal Bank of Scotland (RBS). The company informed that most of the loans purchased will go into the “Berenberg Alternative Asset Fund” in Luxembourg, while others have been transferred to selected third party […]

  • 6 August 2015
    Business & Finance

    U.S. investment funds have set their sights on USD 13 billion worth of shipping loan portfolios held by Italian banks, following the changes of Italy’s laws and regulations which lower the risk of them being dragged into long bankruptcy proceedings, Reuters reports. Davidson Kempner, King Street Capital, York Capital and Z Capital, a private equity firm, have reportedly expressed […]

  • 28 August 2015
    Business & Finance

    German lender HSH Nordbank is in talks with its government owners and the European Commission over long-running dispute on state guarantees within the framework of the bank’s efforts to alleviate the pains caused by its USD 11 billion legacy ship portfolio. Namely, despite progress in operating profit that amounted to EUR 222 million (USD 250 million) […]

  • 28 August 2015
    Business & Finance

    German lender HSH Nordbank is in talks with its government owners and the European Commission over long-running dispute on state guarantees within the framework of the bank’s efforts to alleviate the pains caused by its USD 11 billion legacy ship portfolio. Namely, despite progress in operating profit that amounted to EUR 222 million (USD 250 million) […]

  • 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 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 […]