Archive for the ‘Banking’ Category

Market survey on eco-shipping: innovation boost from eco-ships and retrofitting

Market survey on eco-shipping: innovation boost from eco-ships and retrofitting
In spite of the crisis shipping companies are proactively focus-sing on building new eco-ships and retrofitting Shipping companies demanding clear commitment to de-pendable international emission regulations  Market split between differing charter rates for modern eco-designs and older standard ones...
November 14th, 2013 | Energy, Environment, Shipfinance, Technical, Technology | Read More

DVB Group publishes results for the period ending on 30 September 2013

Wolfgang F. Driese, CEO and Chairman of the Board of Managing Directors DVB Group publishes results for the period ending on 30 September 2013: Consolidated net income before taxes of €96.2 million (down 7.8%), due to a non-recurring effect in the previous year Frankfurt/Main, 14 November 2013 –...
November 14th, 2013 | Banking, Finance, Shipfinance | Read More

We are in Shipping because we love it!*

We are in Shipping because we love it!*
www.allaboutshipping.co.uk brings you live some of the best and important international news from week 45 and the beginning of week 46, this Monday the 11th of November 2013, Armistice Day from London. The successful World Travel  Market, one of the best ever, a real boost for international tourism...
November 11th, 2013 | Academia, Banking, Books, Charity, Clubs, Conferences, Seminars, Forums, Corporate Social Responsibility, Energy, Environment, Events, Exhibitions, Holidays, HR, IMIF, IMO, Insurance and Reinsurance, Maritime Education and Training, Markets, News, Organisations, People and Places, Piracy and Terrorism, Politics and Government, Ports & Terminals, Press and Media, Scholarships, Shipmanagement, WISTA - Women in Shipping | Read More

Shipping: be on watch as things might turn sour…

Shipping: be on watch as things might turn sour…
Chandris: Hospitality has a name Our third Autumn www.allaboutshipping.co.uk live presentation / recap of week 44 by John Faraclas covered: A)The downward trend of the Baltic Dry Index (BDI) at 1, 552 points on Monday the 4th of November, slightly higher than the closure of Friday the 1st of November...
November 5th, 2013 | Chartering, Communication, Dry Bulkcarriers, Events, Executive Travel, Holidays, IT and Communications, Liner Shipping and Trade, Mergers and Acquisitions, News, Piracy and Terrorism, Politics and Government, Regulatory, Reports, Sailing, Shipbuilding and Shipyards, Shipfinance, Tourism, Yachting | Read More

Greece – Debt forgiveness is not a necessary precondition for restoring debt sustainability

Dr. Platon Monokroussos In our October 7, 2013 Greece Macro Monitor*, we presented a technical study on Greek public debt, forecasting a significant improvement in its dynamics after 2014 and explaining why the present elevated debt-to-GDP ratio may not by itself be the proper metric for assessing fiscal...
October 31st, 2013 | Banking, European Union, Markets, Politics and Government | Read More

Vessel operating costs expected to rise over the next two years

Vessel operating costs expected to rise over the next two years
l to r: Anthony Cunningham, Richard Greiner and Stephen Gordon Vessel operating costs are expected to rise by more than three per cent in both 2013 and 2014 according to a new survey by international accountant and shipping consultant Moore Stephens. The survey is based on responses from key players...
October 31st, 2013 | Accountancy, Conferences, Seminars, Forums, Energy, Environment, HR, Jobs, News, Shipfinance, Shipmanagement, Statistics | Read More

CSR as a Competitive Advantage

CSR as a Competitive Advantage
The 3rd Annual Shipping & Offshore CSR Forum yesterday in London’s ICAEW, organised by Capital Link was more than a success! It is indeed the need and significance of CSR that continues to grow and evolve in an increasingly diversifying global economy, which is apparent  in the technological innovation...
October 25th, 2013 | Arctic Shipping, Associations, Bunkering, Classification Societies, Company Profiles, Conferences, Seminars, Forums, Corporate Social Responsibility, Dialogs and Debates, Energy, Environment, Flags, Health and Safety, HR, IMarEST, Intercargo, Intermanager, IT and Communications, Legal, Maritime Accidents, Maritime Education and Training, People and Places, Pollution, Safety and Security, Salvage, Towage, Wreck Removals, Shipbuilding and Shipyards, Shipfinance, Shipmanagement, Short-sea shipping, Trade and Commerce | Read More

Caution for the markets is the message

Caution for the markets is the message
John N. Faraclas John Faraclas’ weekly live interview to Lilian Margaritis of SBC TV last Friday the 11th of October 2013 focused on the falling BDI, The Intermodal Europe 2013 at Hamburg Messe, the BHCC annul event in London, the IMIF event with Torben Skaanild, BIMCO’s outgoing Secretary-General...
October 14th, 2013 | Associations, Conferences, Seminars, Forums, European Union, Exhibitions, Markets, Politics and Government, Ports & Terminals, Shipfinance | Read More

Priebe and Lehnert join Railpool management team

Priebe and Lehnert join Railpool management team
HAMBURG/KIEL/FRANKFURT/MUNICH The Munich-based Railpool GmbH is expanding its management team. The two shareholders of the company, HSH Nordbank and KfW IPEX-Bank, have appointed Torsten Lehnert and Thorsten Priebe to the management team as at 1 October 2013. Both were already instrumental in founding...
October 1st, 2013 | Banking, Finance, Trade and Commerce | Read More

IMO Symposium debates a Sustainable Maritime Transportation System

IMO Symposium debates a Sustainable Maritime Transportation System
An IMO symposium on a Sustainable Maritime Transportation System, held on world Maritime Day (26 September 2013), provided an opportunity for a discussion on a global agenda for a sustainable maritime transportation system.   The symposium reflected the world Maritime Day theme: “Sustainable Development:...
September 27th, 2013 | Academia, Anniversaries, Conferences, Seminars, Forums, Corporate Social Responsibility, Energy, Environment, HR, Immigration, Labour Disputes, Manning - Seafarers and Offshore, Maritime Education and Training, Shipfinance | Read More

HSH Nordbank sells its equity holding in Northern Diabolo with success

HSH Nordbank sells its equity holding in Northern Diabolo with success
  Dr. Marcus Kleiner HAMBURG/KIEL HSH Nordbank has successfully sold its 25% stake in Northern Diabolo. In 2007, the Bank financed the rail track linking Brussels Airport to the Belgian long-distance railway system – and thus one of the country’s most important infrastructure meas-ures...
September 25th, 2013 | Banking, Shipfinance | Read More

Shipping confidence holds firm

Shipping confidence holds firm
Richard Greiner Overall confidence levels in the shipping industry held firm over the three-month period to August 2013, maintaining the highest level reached since November 2010,  according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens. Doubts...
September 20th, 2013 | Accountancy, Energy, Environment, HR, Marine Insurance, Markets, News, Shipfinance | Read More

Shipping and banks are under pressure from slump in vessel values, IUMI conference is reminded

Shipping and banks are under pressure from slump in vessel values, IUMI conference is reminded
Dr. Martin Stopford Falling ship values have exerted a serious squeeze on the business, shipping economist Martin Stopford told the annual conference of the International Union of Marine Insurance. Dr Stopford, non executive president of Clarkson Research Services, said: “The whole business has been...
September 16th, 2013 | Associations, Shipfinance | Read More

Liquidity crisis affecting many shipping companies demands resolute action

Liquidity crisis affecting many shipping companies demands resolute action
Wolfgang Topp discusses the shipping crisis at the Hansa Treuhand Schifffahrts-Symposium HAMBURG/KIEL The shipping industry will find a lasting solution to its crisis only if the ship owners and banks in Germany tackle the huge challenges together and have the courage to adopt unconventional solutions....
September 15th, 2013 | Shipfinance | Read More

The Shipping Markets: Be prepared for major changes…

The Shipping Markets: Be prepared for major changes…
John N. Faraclas From Athens SBC TV studios once again,  John Faraclas’ live interview to Lilian Margaritis last Thursday the 5th  of September 2013 on the world shipping markets and major events was focused on the BDI trends, war, maritime tourism, the  Greek flag, the successful presence in London...
September 9th, 2013 | Markets, News, Shipfinance | Read More

HSH Nordbank posts earnings uptrend in the first half

Total income nearly doubled to EUR 809 million Group net income of EUR 90 million – up 67 percent on previous year Core Bank‟s earnings contribution up sharply Core Tier 1 capital ratio raised to 12 percent by replenishment of the guarantee Outlook for 2013 unchanged: Group net loss expected Chairman...
August 31st, 2013 | Banking, Finance, Shipfinance | Read More

EXMAR teams up with LNG Partners for BC LNG Project

EXMAR teams up with LNG Partners for BC LNG Project
EXMAR has entered into a Letter of Intent (LOI) and Term Sheet with LNG Partners, LLC and  LNG BargeCo BVBA in respect of providing a Floating Liquefaction & Storage Unit (FLSU) to  serve the BC LNG Project (www.bclng.com) to be located on the West Bank of the Douglas  Channel near Kitimat, British...
August 31st, 2013 | LNG, Shipfinance | Read More

Extension of FSO financing

Extension of FSO financing
ANTWERP, Belgium, 29 August 2013 – Euronav is pleased to announce that it has, jointly with Overseas Shipholding Group, Inc., signed a two-year extension of the tranche related to the FSO Africa (the “Africa Tranche”), part of the USD 500 million senior secured credit facility originally signed...
August 29th, 2013 | News, Shipfinance | Read More

Waiting for something to turn up…

Waiting for something to turn up…
We live in interesting times; the world economy in a mess, the political and geopolitical environment too. The shipping industry on a downfall, but promising for those disciplined and bold to make the next major successful step through! We fear of  unprecedented events taking place and already some...
August 19th, 2013 | Energy, Environment, News, Shipfinance, WISTA - Women in Shipping | Read More

The World Economy’s and Shipping’s missing ingredient is Transparency!

The World Economy’s and Shipping’s missing ingredient is Transparency!
John N. Faraclas The World Economy’s and Shipping’s missing ingredient is Transparency! (Part 1) By John Faraclas Transparency to all markets; transparency to all exchanges, transparency, regulation, and crash tests to all intents and purposes! Transparency includes regulation! We have numerous...
August 14th, 2013 | Associations, Energy, Environment, HR, IMO, Insurance and Reinsurance, Maritime Fraud, Markets, News, Piracy and Terrorism, Shipfinance, Shipmanagement, WISTA - Women in Shipping | Read More

DVB Group publishes its half-yearly financial report …

DVB Group publishes its half-yearly financial report …
Wolfang F. Driese with Dagfinn Lunde on his right DVB Group publishes its half-yearly financial report  for 2013: Consolidated net income before taxes of  €66.4 million (down 6.2%), due to a non-recurring  effect in the previous year Frankfurt/Main, 13 August 2013 – DVB Bank SE (ISIN: DE0008045501)...
August 13th, 2013 | Banking, Energy, Finance, News, Shipfinance | Read More

HSH Nordbank participated in the refinancing of Euroports

HSH Nordbank participated in the refinancing of Euroports
Dr. Marcus Kleiner HAMBURG/KIEL The HSH Nordbank participated as MLA with EUR 61 million in the Euroports Netherlands BV refinancing. The total senior facilities of EUR 450 million serve the purpose of the Euroports Group Refinancing on the holding level. Euroports is owned by a consortium of institutional...
August 8th, 2013 | Finance, Ports & Terminals, Shipfinance | Read More

New IFRS for consolidated accounts could raise issues for shipping

New IFRS for consolidated accounts could raise issues for shipping
Michael Simms International accountant and shipping adviser Moore Stephens says shipping companies and their financiers could be among those affected by the introduction of the new International Financial Reporting Standard for consolidated financial statements. The new standard, IFRS 10, which deals...
July 30th, 2013 | Accountancy, Shipfinance, Shipmanagement | Read More

Caution: World shipping markets are down!

Caution: World shipping markets are down!
John N. Faraclas The following are the main points from the latest John Faraclas live over the phone from Milos island interview to Niki Lymperakis of SBC TV last Friday, the 26th of July 2013; please click below, listen and comment: Niki Lymperakis entered the interview with the shipping markets saga...
July 30th, 2013 | Arrest of ships, Maritime Fraud, Markets, News, Safety and Security, Shipfinance | Read More

The shipping markets, the shipbuilding industry et al: caution and uncertainty

The shipping markets, the shipbuilding industry et al: caution and uncertainty
The following are the main points from the latest John Faraclas live interview to Nike Lymperakis of SBC TV last Friday the 12th of July 2013; please log below, listen and comment: Faraclas explained that there is an oxymoron with the unexpected small rise of the Baltic Dry Index  to 1, 149 points,...
July 15th, 2013 | Disputes, European Union, Labour Disputes, Maritime Education and Training, Markets, News, Piracy and Terrorism, Politics and Government, Shipbuilding and Shipyards, Shipfinance | Read More