Archive for the ‘Banking’ Category

With the BDI at 540, investing in shipping now, does make sense!

With the BDI at 540, investing in shipping now, does make sense!
John Faraclas It probably sounds a bit odd but the truth of the matter is that investing in shipping now that the BDI is on a free fall (it was all along over the last 14 months) does make sense. Today’s minus 13 points it might be the lucky number – Agatha Christie knew best! John Faraclas writes:  With...
February 12th, 2015 | Academia, Associations, At the end of the day..., Aviation, Banking, Breaking News, Bribery and Corruption, Comment, Corruption, Finance, HR, Maritime Fraud, Military, Shipfinance, Shipping Indices | Read More

“Copenship” Insolvency, February 2015

“Copenship” Insolvency, February 2015
Steven Paul 4 February 2015 saw Copenship A/S, a significant charterer of bulk vessels, and its subsidiary Copenship Bunkers A/S, file for bankruptcy in the Copenhagen Maritime and Commercial Court. The bankruptcy of Copenship marks the latest in a series of recent high-profile shipping insolvencies,...
February 12th, 2015 | Banking, Bunkering, Chartering, Claims, Dry Bulkcarriers, Legal, Shipfinance | Read More

Daily Overview of Global Markets & the SEE Region (11 February 2015)

Daily Overview of Global Markets & the SEE Region (11 February 2015)
Dr. Platon Monokroussos, Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: The majority of Asian stock markets closed broadly lower on Wednesday and European bourses fell modestly in early trade as investor caution...
February 11th, 2015 | Banking, Company Profiles, Finance, Markets, News, Person Profiles, Reports, Stock Markets | Read More

Daily Overview of Global Markets & the SEE Region (10 February 2015)

Daily Overview of Global Markets & the SEE Region (10 February 2015)
Dr. Platon Monokroussos, Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: Most European bourses reversed early losses to stand in a marginally positive territory at the time of writing amid expectations that the...
February 10th, 2015 | Associations, Banking, Company Profiles, Finance, News, Press and Media, Reports, Shipfinance, Statistics, Stock Markets | Read More

HESGB 20th Anniversary Dinner and Dance: more than a success!

HESGB 20th Anniversary Dinner and Dance: more than a success!
The President of HESGB Dimitris Monioudis, Committee Member Alex Xenakis with the  Deputy President George Foustanos greeting guests With over 600 of the faithful – a record attendance – members, guests, sponsors and supporters at the 20thAnniversary of the Hellenic Engineers Society of Great Britain...
February 9th, 2015 | Academia, Anniversaries, Archaeology, Associations, Aviation, Charity, Clubs, Communication, Company Profiles, Environment, Events, Food and Drink, Games and Puzzles, Holidays, HR, Insurance and Reinsurance, Jewelry, Jobs, Maritime Education and Training, Medical, Military, News, Piracy and Terrorism, Ports & Terminals, Press and Media, Regulatory, Ship Agencies, Ship Conversions, Ship Supplies, Shipbuilding and Shipyards, Shipfinance, Shiprepair, Stores and Provisions, Story of the Month, Taxation, Technical, Technology, WISTA - Women in Shipping | Read More

Daily Overview of Global Markets & the SEE Region (9 February 2015)

Daily Overview of Global Markets & the SEE Region (9 February 2015)
Dr. Platon Monokroussos, Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMNTS GLOBAL MARKETS:  European stock markets opened broadly lower on Monday, on mounting global growth concerns amid downbeat January trade data from China....
February 9th, 2015 | Associations, Banking, Company Profiles, Consumers Market, European Union, Finance, Markets, News, Organisations, Person Profiles, Politics and Government, Reports, Shipfinance, Statistics, Stock Markets | Read More

Euronav – Capital increase

Euronav – Capital increase
CONTRIBUTION OF CONVERTIBLE PREFERRED EQUITY ANTWERP Belgium, 6 February 2015 – Euronav NV (NYSE: EURN & Euronext: EURN) announces that on 6 February 2015 its share capital was increased following the contribution in kind of 30 perpetual convertible preferred equity instruments issued on 15 December...
February 6th, 2015 | Banking, Shipfinance, Stock Markets | Read More

Tankerska Next generation raises US31million for fleet expansion…

Tankerska Next generation raises US31million for fleet expansion…
l to r:John Karavanić. CEO.TNG and Mario Pavić.CEO.Tankerska Povidba Tankerska Next Generation raises US31 millions for fleet expansion in Croatia’s equity market first successful IPO since 2009  TNG, a product tanker spin-off of Croatian tanker owner Tankerska Plovidba raises US$31 million for...
February 6th, 2015 | Banking, Company Profiles, Markets, Oil Industry, Person Profiles, Shipfinance, Stock Markets, Tankers | Read More

Daily Overview of Global Markets & the SEE Region (6 February 2015)

Daily Overview of Global Markets & the SEE Region (6 February 2015)
Dr. Platon Monokroussos, Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS:  Investors retained a cautious tone in European trade earlier today ahead of the release of the key US non-farm payrolls report for the...
February 6th, 2015 | Associations, Banking, Company Profiles, Finance, Markets, News, Person Profiles, Reports, Shipfinance, Stock Markets | Read More

ECB lifts eligibility waver on debt issued or guaranteed by the Hellenic Republic – assessment and implications (5 february 2015)

ECB lifts eligibility waver on debt issued or guaranteed by the Hellenic Republic – assessment and implications (5 february 2015)
Dr. Platon Monokroussos, Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A ECB lifts eligibility waver on debt issued or guaranteed by the Hellenic Republic Implications for Greek banks and the state of ongoing negotiations with official lenders Viewers can read the full report herebelow: GREECE...
February 5th, 2015 | Associations, Banking, Breaking News, Company Profiles, Finance, Markets, Shipfinance, Stock Markets | Read More

What it takes to cover Greece’s General Government financing shortfall in 2015 and beyond

What it takes to cover Greece’s General Government financing shortfall in 2015 and beyond
Dr. Platon Monokroussos, Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A Greece Macro Monitor (4 February 2015) The attached note updates our recent analysis as regards interest and amortization payments falling due this year as well as projected General Government borrowing needs...
February 4th, 2015 | Associations, Banking, Breaking News, Finance, Markets, Shipfinance | Read More

HSH Nordbank places EUR 500 million benchmark ship covered bond

HSH Nordbank places EUR 500 million benchmark ship covered bond
HAMBURG/KIEL HSH Nordbank has placed a large-volume ship covered bond for the first time since 2008. The order book of the benchmark ship covered bond with a face value of EUR 500 million was substantially oversubscribed within a short period of time. The most recent placement by HSH Nordbank continues...
February 4th, 2015 | Banking, Shipfinance | Read More

Presentations – last week’s Marine Money London Forum, 28 Jan. 2014

Presentations – last week’s Marine Money London Forum, 28 Jan. 2014
Following our brief report from the opening session of the Marine Money London Forum last week, as promised we bring you the presentations et al for your information and evaluation/comments. With a record 379 delegates from 29 countries present at London’s Park Lane which set records in terms...
February 4th, 2015 | Associations, Conferences, Seminars, Forums, Energy, Events, HR, Markets, Person Profiles, Press and Media, Reports, Sales and Purchases, Shipfinance, Statistics, Stock Markets | Read More

Veritas Petroleum Services lists its first bond issue on Oslo Børs

Veritas Petroleum Services lists its first bond issue on Oslo Børs
04/02/2015 – Veritas Petroleum Services lists its first bond issue on Oslo Børs today. Veritas Petroleum Services delivers testing, inspection and advisory solutions that help their customers achieve measurable improvements to fuel management, fuel cost, operational efficiency and compliance...
February 4th, 2015 | Associations, Banking, Company Profiles, Energy, Markets, Oil Industry, Oil Platforms and Rigs, Stock Markets | Read More

The true cost of the BDI at 577…

The true cost of the BDI at 577…
How much does this 577 points of the BDI today and all other Baltic Indices affect the markets? Are the brokers to blame? Was their advice conned? Are the geopolitics that we owe this drop? What does this means to the Shipfinance world? How are the Funds reacting? Are bankruptcies looming in the background? How...
February 3rd, 2015 | Arctic Shipping, Breaking News, Energy, Markets, Shipfinance, Shipping Indices, Statistics, Stock Markets, Trade and Commerce | Read More

Daily Overview of Global Markets & the SEE Region (3 February 2015)

Daily Overview of Global Markets & the SEE Region (3 February 2015)
Dr. Platon Monokroussos, Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS:  Bucking the broadly negative trend in Asian bourses, the majority of European bourses firmed in morning trade on optimism that the newly...
February 3rd, 2015 | Associations, Banking, Finance, Markets, News, Reports, Shipfinance, Stock Markets | Read More

Euronav – Repayment Mezzanine Bond

Euronav – Repayment Mezzanine Bond
EURONAV ANNOUNCES REPAYMENT OF USD 235 MILLION BOND AND CONVERSION OF PERPETUAL CONVERTIBLE PREFERRED EQUITY ANTWERP, Belgium, 3 February 2015 – Euronav NV (NYSE:EURN & Euronext:EURN) (“Euronav” or the “Company”) announces today that following the closing of its Initial Public Offering...
February 3rd, 2015 | Banking, Company Profiles, HR, News, Press and Media, Reports, Shipfinance, Stock Markets | Read More

Daily Overview of Global Markets & the SEE Region (2 February 2015)

Daily Overview of Global Markets & the SEE Region (2 February 2015)
Dr. Platon Monokroussos, Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS:  The majority of European bourses were modestly weaker in early trade on Monday amid renewed concerns about the growth prospects of...
February 2nd, 2015 | Banking, Company Profiles, Finance, News, Reports, Shipfinance, Stock Markets | Read More

Markets challenged by a dropping BDI

Markets challenged by a dropping BDI
John Faraclas Our fifth  weekly recapitulation of the markets, their respective main indices and world geopolitics affecting same in 2015, tonight Friday the 30th of  January, with John Faraclas of AllAboutShipping in London.  After the Midweek Blues, the BDI closed earlier this afternoon at 608...
January 30th, 2015 | Banking, Energy, Finance, Markets, News, Shipfinance | Read More

Daily Overview of Global Markets & the SEE Region (30 January 2015)

Daily Overview of Global Markets & the SEE Region (30 January 2015)
Dr. Platon Monokroussos, Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A HIGHLIGHTS  WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS:   Taking their lead from the positive tone in Wall Street overnight, the majority of European bourses were firmer in early trade on...
January 30th, 2015 | Banking, Company Profiles, Finance, Markets, News, Reports, Shipfinance, Stock Markets | Read More

Liberian Registry launches green ship initiative

Liberian Registry launches green ship initiative
Scott Bergeron, CEO of the Liberian International Ship & Corporate Registry (LISCR) The Liberian Registry says it is determined to ensure that the Liberian-flag fleet remains a leader in environmental compliance.  Scott Bergeron, CEO of the Liberian International Ship & Corporate Registry...
January 29th, 2015 | Environment, Flags, News, Shipfinance | Read More

Fresh Start for Douglas Channel LNG Project as New Owners Take Control

Fresh Start for Douglas Channel LNG Project as New Owners Take Control
Antwerp, January 29th 2015 – The Douglas Channel LNG Consortium1 today announced that it now has full ownership and control of the Douglas Channel LNG project as a result of the Plan of Arrangement completed under the Companies’ Creditors Arrangement Act (“CCAA”) proceeding. All of the useful...
January 29th, 2015 | Banking, Company Profiles, Energy, Finance, LNG, Markets, Shipfinance, Stock Markets | Read More

VesselsValue – The Trumpet 28 Jan 2015

VesselsValue – The Trumpet 28 Jan 2015
  Wednesday 28 January 2015 Generating 400, 000 valuations a year and rising. Email not displaying correctly? View it in your browser. VV at MarineMoney London today! Watch our talk or come by the stand for a demo. VV data in the SCMP article Beijing’s cut-price...
January 28th, 2015 | Company Profiles, Energy, Markets, Press and Media, Reports, Shipfinance | Read More

Diana announces date for Q4, year end financial results, conference call and webcast

Diana announces date for Q4, year end financial results, conference call and webcast
DIANA SHIPPING INC. ANNOUNCES THE DATE FOR THE 2014 FOURTH QUARTER AND YEAR-END FINANCIAL RESULTS,  CONFERENCE CALL AND WEBCAST  ATHENS, GREECE, January 28, 2015 – Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today...
January 28th, 2015 | Banking, Company Profiles, News, Stock Markets | Read More

Marine Money’s Capital Formation for Shipping Conference gets the crowds

Marine Money’s Capital Formation for Shipping Conference gets the crowds
Mia Jensen opening the event Never ever before such an event attracted so many delegates, journalists and also that special ingredient: a big variety of speakers! John Faraclas writes: Financing and Investment ideas for 2015 was the main title of the 6th Annual Marine Money London Forum at the Dorchester...
January 28th, 2015 | Arctic Shipping, Associations, Conferences, Seminars, Forums, Energy, Environment, Gas, LNG, LPG, Markets, Oil Industry, Oil Platforms and Rigs, Shipfinance, Stock Markets, Tankers, Trade and Commerce | Read More