Archive for the ‘Finance’ Category

Show me the money. Hidden cash bailouts.

Show me the money. Hidden cash bailouts.
Andreas Koutras Show me the money. Hidden cash bailouts, by Dr. Andreas Koutras The Euro debt crisis took another nasty turn in Cyprus. It is worrisome that Cyprus would be the first Eurozone country to impose capital controls, which is supposed to be against the fundamental tenets of the EU. Cyprus...
March 28th, 2013 | Banking, Breaking News, European Union, Finance, Markets, Politics and Government | Read More

Massive illegal outflows of oil are hitting Nigeria as abject poverty wracks the masses – how far can shipping and oil companies address the crisis through corporate social responsibility, asks London meeting of Afrimari network

Massive illegal outflows of oil are hitting Nigeria as abject poverty wracks the masses – how far can shipping and oil companies address the  crisis through corporate social responsibility, asks London meeting of Afrimari network
Captain Eddie Agbakoba, Joseph Croft and Jonathan Bearman Massive illegal outflows of oil are hitting Nigeria as abject poverty wracks the masses – how far can shipping and oil companies address the  crisis through corporate social responsibility, asks London meeting of Afrimari network, By James...
March 27th, 2013 | Associations, Bribery and Corruption, Climate, Conferences, Seminars, Forums, Corporate Social Responsibility, Defense, Energy, Environment, Finance, Health and Safety, IMO, Inland Waterways, Jobs, Military, Oil Industry, Oil Platforms and Rigs, Oil Spill, Piracy and Terrorism, Politics and Government, Pollution, Ports & Terminals, Safety and Security, Sanctions, Trade and Commerce, UN | Read More

Euro gleich Mark or Euro gleich Euro?

Euro gleich Mark or Euro gleich Euro?
Andreas Koutras Euro gleich Mark or Euro gleich Euro? by Dr. Andreas Koutras In the Germany of the pre-hyperinflation era, the Reichsbank creed was a Mark is worth Mark whether paper or gold, in Berlin or Munich. This creed was also enshrined in the Euro when the new currency was adopted by the 17 European...
March 26th, 2013 | Banking, European Union, Finance, Markets, News, Politics and Government | Read More

What next after the Cyprus saga?

What next after the Cyprus saga?
John N. Faraclas So who’s next after the recent Greek and Cypriot tragedies? Aeschylus revisited says quite a lot! by John Faraclas The under duress latest Greek and Cypriot fiascos will continue for the foreseeable feature until the perpetrators of this new geopolitical and geostrategic game fall...
March 25th, 2013 | At the end of the day..., Banking, European Union, Finance, Marine Insurance, Politics and Government, Shipfinance | Read More

DVB posts consolidated net income before IAS 39 and taxes of EUR157.2 million – a 9.7% increase

DVB posts consolidated net income  before IAS 39 and taxes of EUR157.2 million – a 9.7% increase
Bertrand Grabowski, Wolfgang F. Driese and Dagfinn Lunde Frankfurt/Main, 7 March 2013 – DVB increased total income before allowance for credit losses by 5.1%, to EUR411.9 million (previous year: EUR391.9 million). Total income after allowance for credit losses amounted to EUR341.2 million, which corresponds...
March 8th, 2013 | Banking, Finance, News, Ship Finance, Shipfinance | Read More

Anatomy of a Breakthrough: Growing from a startup into an enduring global leader

An event not to be missed, at ht right time not just for what happnes in Greece, but worldwide!  
March 8th, 2013 | Communication, Consumers Market, Education and Training, Finance | Read More

HSH Nordbank to finance shopping centre at Hamburg-Altona station

HAMBURG/KIEL HSH Nordbank is providing the Irish investors CMC Capital with the portfolio finance for the shopping centre at the Altona railway station in Hamburg. The Bank’s finance amounts to about EUR 56 million. London-based Chalkhill Partners LLP advised CMC Capital on the transaction. The shopping...
March 7th, 2013 | Finance | Read More

World Bank offers to aid Jamaica’s logistics hub plans

World Bank offers to aid Jamaica’s logistics hub plans
Birdview Kingston Port Jamaica’s plans to become one of the world’s top four logistics centres has received a major boost after the World Bank committed to providing technical and other assistance for specific aspects of the proposed Global Logistics Hub initiative.  The World Bank Group, through...
March 5th, 2013 | Finance, Logistics, News, Ports & Terminals | Read More

World Shipping: Divefall? – Greek Shipping and Politics: Still in a mess!

World Shipping: Divefall? – Greek Shipping and Politics: Still in a mess!
John Faraclas World Shipping: Divefall? – Greek Shipping and Politics: Still in a mess! The following are the main points from the latest John Faraclas live interview to Panos Thomakos on SBC TV last Friday the 22nd of February 2013: 1. On the Markets, Faraclas, following Moundreas’ weekly video...
February 25th, 2013 | Banking, Coastal Shipping, European Union, Finance, Holidays, Logistics, Marinas, News, Politics and Government, Port Conditions, Ports & Terminals, Shipfinance, Shipping Indices, Stock Markets, Trade and Commerce, Yachting | Read More

S. Riaz Khan takes new direction after twelve years at DVB Bank

S. Riaz Khan takes new direction after twelve years at DVB Bank
S.Riaz Khan S. Riaz Khan, Managing Director of Research & Strategic Planning for DVB SE, will leave the shipping expertise bank at the end of March 2013. Riaz’ mission when he joined the Bank in Rotterdam twelve years ago was to set up and establish a shipping research department, which has been...
February 19th, 2013 | Banking, Finance, People and Places, Shipfinance | Read More

World Bank endorses Jamaica aims for logistics hub

World Bank endorses Jamaica aims for logistics hub
Anthony Hylton The World Bank Group has endorsed Jamaica’s aim to become the logistics hub for the Caribbean, Latin America and US Gulf & East coastal area by pledging to help find funding for the pioneering project. Speaking in Kingston recently, Giorgio Valentini, World Bank Group representative...
February 13th, 2013 | Finance, Flags, Logistics, News, Politics and Government, Ports & Terminals | Read More

EURONAV Launches offer to exchange outstanding 6.50% convertible bonds for new convertible bonds with extended maturity

Antwerp, Belgium, 31 January 2013 – Euronav NV (“Euronav”) announced  today the launch of an invitation to current bondholders to exchange (the “Exchange Offer”) any and all outstanding 6.50% convertible bonds due in January  2015 (the ”Existing Convertible Bonds”) for new 6.50% convertible...
February 1st, 2013 | Finance, Shipfinance, Stock Markets | Read More

HSH Nordbank finances real estate portfolio for Deutsche Wohnen AG

HAMBURG/KIEL HSH Nordbank is financing a real estate portfolio covering several German regions for Deutsche Wohnen AG. The size of the finance deal is a good € 161 million. The portfolio includes around 5, 100 residential units on more than 311, 000 square metres. Accounting for a good 40 percent...
January 16th, 2013 | Finance | Read More

Wine-rich Moldova toasts new era for trade and tourism, as EBRD backs river port upgrade

Wine-rich Moldova toasts new era for trade and tourism, as EBRD backs river port upgrade
River Dniester Wine-rich Moldova toasts new era for trade and tourism, as EBRD backs river port upgrade By James Brewer New developments in transport and tourism look set to bear fruit for the small east European nation of Moldova, whose geographical shape on the map has happily – for a land proud...
January 15th, 2013 | Finance, Food and Drink, Holidays, Tourism | Read More

EU Commission Approves € 100 Million Aid for the Port of Augusta

EU Commission Approves € 100 Million Aid for the Port of Augusta On 20 December, the European Commission approved €100 million financial support for the Port of Augusta, in Sicily under EU state aid rules. The aid will be granted by Italy for an infrastructure investment project of €145, 33 million,...
December 21st, 2012 | European Union, Finance, Ports & Terminals | Read More

HSH Nordbank finances another large solar farm in France

Lars Quandel HAMBURG/KIEL For the sixth time this year HSH Nordbank has successfully provided finance for a solar farm in France: the Pompogne portfolio consists of four sub-farms in the region of Aquitaine, near Bordeaux and the Atlantic coast, and was arranged and structured together with BayernLB....
December 13th, 2012 | Energy, Finance | Read More

HSH Nordbank refinances for AAE large fleet of railway carriages

HAMBURG/KIEL HSH Nordbank is providing AAE Ahaus Alstätter Eisenbahn AG, a long standing client, with a major part of a refinancing. With these funds the Swiss company operates a fleet of 4, 830 freight carriages, which serve as the principal collateral for the financiers. In total, the transaction...
December 4th, 2012 | Finance, Logistics | Read More

HSH Nordbank refinances Newcastle Airport

HSH Nordbank closes second European airport finance deal within four weeks HAMBURG/KIEL HSH Nordbank is acting as one of the mandated lead arranger to pro-vide Newcastle Airport with approximately EUR 62 million to refinance existing bank liabili-ties. Ahead of this HSH Nordbank supported the airport’s...
November 26th, 2012 | Aviation, Finance | Read More

DVB Group: Sound operating performance during the first nine months of 2012 – Total income up 6.2%, to €262.7 million

Wolfgang F. Driese Consolidated net income before IAS 39 and taxes rose to €125.6 million – a remarkable 7.8% year-on-year increase. Once again, the volatile net result from financial instruments in accordance with IAS 39 weighed on income before taxes which – as a result – declined...
November 14th, 2012 | Finance | Read More

HSH Nordbank successfully places Schuldschein for HGV

Amount placed EUR 376 million Amount announced oversubscribed due to strong demand HSH Nordbank sole arranger HAMBURG/KIEL –HSH Nordbank has successfully carried out a Schuldschein (promissory note) transaction for HGV Hamburger Gesellschaft für Vermögens- und Beteiligungsmana-gement...
November 9th, 2012 | Finance | Read More

New HSH Nordbank solar project in France

 Long-term finance for 12 MWp solar park in Gironde region. HAMBURG/KIEL – This year HSH Nordbank has once again successfully obtained an order to finance renewable energy projects in France: The Bank has assumed the long-term fi-nancing of the “Solarpark de Béguey” with an output...
November 8th, 2012 | Energy, Finance | Read More

HSH Nordbank and UniCredit finance port operator in Rostock

HSH Nordbank and UniCredit finance port operator in Rostock
Dr. Marcus Kleiner HSH Nordbank and UniCredit are making available EUR 50 million as Senior Debt Facilities to SHRU Holding GmbH & Co. KG, the shareholder of Seehafen Rostock Umschlagsgesellschaft mbH. SHRU Holding, which forms part of the Euroports Group, is the leading company for cargo handling,...
November 7th, 2012 | Finance, News, Ports & Terminals | Read More

HSH Nordbank finances another solar farm in France

“Avon-les-Roches” with a total capacity of 10. 8 MWp HAMBURG/KIEL After recently providing funding for part of the largest solar farm in Europe, in Toul, HSH Nordbank is now financing a further major project in the region, “Avon-les-Roches”. This solar farm, which was developed by the utility...
October 24th, 2012 | Energy, Finance | Read More

HSH Nordbank’s first-half results strained by worsening shipping crisis

Group net income of EUR 70 million as of the end of June Progress made in the Core Bank’s client business reflected in substantial growth in new business. Heavy strain exerted by further deterioration in shipping, substantial increase in loan-loss provisions No swift improvement expected in...
September 1st, 2012 | Finance, Shipfinance | Read More

Marco Polo Seatrade exits Chapter 11

Marco Polo Seatrade and its affiliated companies have obtained final approval of their Plan of Liquidation from the New York Bankruptcy Court overseeing the Chapter 11 case. The plan was unanimously approved by all Marco Polo creditors, and the Court entered the final order at the confirmation hearing...
August 14th, 2012 | Company Profiles, Finance, Legal | Read More