Archive for the ‘Finance’ Category

Witnessing RBS’ best Posidonia reception

Witnessing RBS’ best Posidonia reception
The line up with Lambros Varnavides heading for the last time members of his successful team; Andy Georgiou, Fotis Bratimos, and Colin Manchester The Greek-British shipping business relationship goes beyond any imagination and same can be witnessed everywhere on the globe, Posidonia being no exception....
June 2nd, 2014 | Banking, Conferences, Seminars, Forums, Events, Finance, Markets, Shipfinance | Read More

Bills of lading and trade finance fraud – widespread risks spelled out…

Bills of lading and trade finance fraud – widespread risks spelled out…
Jim Davis, Pottengal Mukundan and Yannis Calogeras Bills of lading and trade finance fraud – widespread risks spelled out by Pottengal Mukundan of International Chamber of Commerce, in presentation to IMIF Shipping, trading houses and banks are continuing to be targeted as victims of major fraud operations,...
May 26th, 2014 | Banking, Bribery and Corruption, Chartering, Conferences, Seminars, Forums, Corruption, Finance, Fixtures, IMIF, Maritime Fraud, Shipfinance | Read More

Greek elections roundup: outcome & potential implications

Greek elections roundup: outcome & potential implications
Platon Monokroussos Greece Macro Monitor (26 May 2014) –  Main opposition party SYRIZA wins Greek election for the European Parliament With 99.47% of the total vote having been counted as of the time of writing this report, Greece’s main opposition radical left SYRIZA gained a clear lead in...
May 26th, 2014 | Banking, Finance, News, Shipfinance | Read More

DIANA SHIPPING INC. announces drawdown of US$ 30 mio…

DIANA SHIPPING INC. announces drawdown of US$ 30 mio…
DIANA SHIPPING INC. ANNOUNCES DRAWDOWN OF US$30 MILLION FROM A TERM LOAN FACILITY WITH THE EXPORT-IMPORT BANK OF CHINA  TIME CHARTER CONTRACT FOR M/V CORONIS  BOARD OF DIRECTORS AUTHORIZES SHARE REPURCHASE PLAN ATHENS, GREECE, May 23, 2014 – Diana Shipping Inc. (NYSE: DSX), (the “Company”),...
May 23rd, 2014 | Banking, Dry Bulkcarriers, Finance, Markets, News, Shipfinance, Stock Markets | Read More

New Supervisory Board elected at HSH Nordbank

New Supervisory Board elected at HSH Nordbank
HAMBURG/KIEL The shareholders of HSH Nordbank elected their representatives for the future Supervisory Board at a general meeting held this morning. At the constituent meeting of the Supervisory Board held immediately after the general meeting of shareholders Dr. Thomas Mirow was reappointed as its Chairman. The...
May 23rd, 2014 | Banking, Company Profiles, Corporate Social Responsibility, Finance, HR, Shipfinance | Read More

Investec strengthens shipping & marine business with senior appointment

Investec strengthens shipping & marine business with senior appointment
Investec Corporate and Institutional Banking (‘Investec’), part of Investec Bank plc, has appointed Patrick Caron-Delion to its Shipping and Marine Finance team, which is headed up by Jeremy Dean. He will work with Investec’s shipping clients to assist them with a broad range of financing requirements...
May 21st, 2014 | Finance, HR, Shipfinance | Read More

INVESTEC Strengthens Shipping & Marine Business…

Investec Corporate and Institutional Banking (‘Investec’), part of Investec Bank plc, has appointed Patrick Caron-Delion to its Shipping and Marine Finance team, which is headed up by Jeremy Dean. He will work with Investec’s shipping clients to assist them with a broad range of financing requirements...
May 20th, 2014 | Banking, Company Profiles, Finance, HR, Shipfinance | Read More

TT Club announces strong financial results and maintains AM Best A- (Excellent) rating

TT Club announces strong financial results and maintains AM Best A- (Excellent) rating
The TT Club, the leading international transport and logistics insurance provider, today announces its financial results for the year ended 31 December 2014, maintaining its A- (Excellent) rating by agency AM Best for the 8th consecutive year. Highlights: · $186.3 million gross written premiums · $12.0...
May 16th, 2014 | Finance, Logistics | Read More

Pace of annual GDP contraction decelerates further in Q1 2014

Pace of annual GDP contraction decelerates further in Q1 2014
Platon Monokroussos Greek Q1 GDP flash estimate Pace of annual GDP contraction decelerates further; shift into positive territory expected from Q3 2014 onwards – organised and compiled by Platon Monokroussos,  Head of Global Markets Research Greece’s statistics agency (EL.STAT.) released earlier...
May 15th, 2014 | Banking, European Union, Finance, Markets, Organisations, Politics and Government | Read More

UK Export Finance: protecting the exporting risks of British businesses

UK Export Finance: protecting the exporting risks of British businesses
BCB International Protective Equipment Survival and protective equipment manufacturer BCB International Ltd has become one of the first Welsh smaller and medium sized exporters to use government cash to secure two export contracts worth US$500, 000. The Cardiff-based company, which designs and manufactures...
May 1st, 2014 | Banking, Finance, Marine Equipment Products and Services, Military, Safety and Security | Read More

Euronav – Capital increase through conversion

Euronav – Capital increase through conversion
LAST CONVERSION OF CONVERTIBLE BONDS  2018 ANTWERP, Belgium, 24 April 2014 – Euronav NV (NYSE EURONEXT BRUSSELS: EURN) announces that on 22 April 2014 its share capital was increased following the exercise of  the conversion option of the last outstanding convertible bond issued in 2013, for which...
April 25th, 2014 | Banking, Finance, Markets, Shipfinance, Stock Markets | Read More

HSH Nordbank providing finance for GAGFAH GROUP real estate portfolio

HAMBURG/KIEL HSH Nordbank has provided the GAGFAH GROUP with finance of EUR 176 million for a portfolio comprising more than 4, 400 residential as well as 20 com-mercial units with living and useable floor space totalling almost 280, 000 square metres. Some of the properties are held for sale in the...
April 23rd, 2014 | Banking, Construction, Finance | Read More

INTESA SANPAOLO and VEI Capital take stake in RINA Spa

INTESA SANPAOLO and VEI Capital take stake in RINA Spa
RINA CEO Ugo Salerno   The initial investment of the new partners will total 25 million euros Possibility of increasing overall investment to 100 million euros Ugo Salerno: “The aim is to develop a leading national organisation to compete with key worldwide players.” Milan, 16 April 2014 –...
April 17th, 2014 | Banking, Classification Societies, Finance | Read More

OMFIF changes shareholder structure, appoints new board members

OMFIF changes shareholder structure, appoints new board members
Wed 16 April 2014 – The Official Monetary and Financial Institutions Forum (OMFIF), an independent financial think-tank and platform for dialogue between official institutions and the private sector, announces today a new shareholder structure as well as changes to the Board of Directors and Senior...
April 16th, 2014 | Associations, Clubs, Company Profiles, Finance | Read More

The economic and market significance of the new 5-year government bond

The economic and market significance of the new 5-year government bond
Platon Monokroussos The present note assesses the economic and market significance of the new Hellenic Republic 5-year bond issue, focusing on its potential implications for the evolution of the public borrowing requirement under the current macroeconomic scenario. The note presents a detailed analysis...
April 15th, 2014 | Banking, Finance, News, Politics and Government | Read More

HSH Nordbank AG: Core Bank making progress in terms of operating profit…

HSH Nordbank AG: Core Bank making progress in terms of operating profit…
Constantin von Oesterreich Core Bank making progress in terms of operating profit – capital ratios strengthened by guarantee New business up 12 percent to EUR 7.6 billion – driven by corpo-rate and real estate clients with an amount of EUR 5.6 billion Higher loan loss provisions for ship loans in...
April 10th, 2014 | Banking, Company Profiles, Finance, Shipfinance | Read More

Greece: Latest domestic developments and what lies ahead

Greece: Latest domestic developments and what lies ahead
Platon Monokroussos Greece Macro Monitor (3 April 2014)  Latest domestic macro/political developments and what lies ahead  Contents §  Hellenic Parliament endorses key multi-bill including prior actions for the disbursement of new EU/IMF financing §  Government’s parliamentary majority reduced §  April...
April 3rd, 2014 | Banking, European Union, Finance, Markets, Organisations, Politics and Government | Read More

HSH Nordbank refinances two Office properties in Frankfurt

HAMBURG/KIEL HSH Nordbank is providing an American investment firm with 95.25 million euros to refinance two office properties with total floor space of 58, 000 sq m. The single-tenant property in the Merton district in the north Frankfurt, which comprises 27, 000 square metres of usable floor space,...
April 2nd, 2014 | Banking, Finance | Read More

DVB Bank posts slightly lower consolidated net income in 2013

DVB Bank posts slightly lower consolidated net income in 2013
Wolfang F. Driese Frankfurt/Main, 25 March 2014 – DVB Bank (ISIN DE0008045501), which is focused on international transport finance, posted consolidated net income after taxes of  €110.2 million, down 11.8% year-on-year (2012: €124.9 million). This decline was mainly due to a special effect which...
March 25th, 2014 | Banking, Finance, Shipfinance | Read More

The European Union is funding a €1.2 million grant contract…

The European Union is funding a €1.2 million grant contract…
European Union pledges €1.2 million to support maritime administrations in Western and Central Africa The European Union is funding a €1.2 million grant contract, signed between IMO and the African, Caribbean and Pacific Group of States (ACP) to support training and capacity-building activities...
March 18th, 2014 | European Union, Finance, IMO, Politics and Government | Read More

Container Finance Session at Intermodal Asia 2014

Container Finance Session at Intermodal Asia 2014
A conference session addressing the current and future economic status for shipping containers will be held during Intermodal Asia 2014, which takes place at the Shanghai World Expo Centre from 1-3 April. Titled ‘Container Financing: options and views from a financier’, the conference session will...
March 11th, 2014 | Associations, Conferences, Seminars, Forums, Finance, Fisheries, Shipfinance | Read More

Euronav: conversion of convertible bonds

Euronav: conversion of convertible bonds
ANTWERP, Belgium, 10 March 2014 – Euronav NV announces that on 10 March 2014 its share capital was increased following the exercise of the conversion option of 47 convertible bonds issued in 2013. That resulted in the issuance of 662, 763 new ordinary shares. Viewers can open the PDF and get the...
March 10th, 2014 | Company Profiles, Finance, Stock Markets | Read More

Explaining and forecasting residential house prices in Greece

Explaining and forecasting residential house prices in Greece
Platon Monokroussos Greece Macro Monitor (10 Μarch 2014) Explaining and forecasting residential house prices in Greece A technical note The present paper – which please see herebelow, utilizes cointegration analysis and a vector error correction model (VECM) to explain and forecast residential...
March 10th, 2014 | Finance, Reports | Read More

Conversion of convertible bonds

Conversion of convertible bonds
ANTWERP, Belgium, 25 February 2014 – Euronav NV announces that on 25 February 2014 its share capital was increased following the exercise on 10 February 2014 of the conversion option of 8 convertible bonds issued in 2013. That resulted in the issuance of 134, 808 new ordinary shares. In respect...
February 25th, 2014 | Banking, Finance, Stock Markets | Read More

Diana Shipping Inc. Announces Partial Exercise of Over-allotment Option to Purchase Additional 8.875% Series B Cumulative Redeemable Perpetual Preferred Shares

Diana Shipping Inc. Announces Partial Exercise of Over-allotment Option to Purchase Additional 8.875% Series B Cumulative Redeemable Perpetual Preferred Shares
ATHENS, Greece, February 25, 2014 – Diana Shipping Inc. (NYSE:DSX) (the “Company”) today announced that, in connection with its previously announced underwritten public offering of 2, 400, 000 shares of its 8.875% Series B Cumulative Redeemable Perpetual Preferred Shares, par value $0.01 per share,...
February 25th, 2014 | Banking, Dry Bulkcarriers, Finance, News, Stock Markets | Read More