Archive for the ‘Banking’ Category

HSH Nordbank finances Hamburg real estate portfolio for US investor Castlelake

HSH Nordbank finances Hamburg real estate portfolio for US investor Castlelake
HAMBURG/KIEL HSH Nordbank is making EUR 200 million available to the US Castlelake Group to finance the purchase of a commercial real estate portfolio in Germany. The Hamburg-based Becken Group is participating in the purchase, which was completed at the end of last year, as a co-investor. The 109 properties...
March 3rd, 2014 | Banking | Read More

Capital Link’s fifth annual Greek Forum

Capital Link’s fifth annual Greek Forum
networking at its best… CAPITAL LINK’S 5TH ANNUAL GREEK SHIPPING FORUM DRAWS 1100 DELEGATES More than 1100 delegates attended Capital Link’s 5th Annual Greek Shipping Forum “Positioning for the Rebound” which took place on Monday, February 24, 2014 at the Hilton Hotel in Athens, Greece. Capital...
February 28th, 2014 | Conferences, Seminars, Forums, Shipfinance | 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

Positioning for the rebound

Positioning for the rebound
networking at its best… Capital Link’s 5th Greek Shipping Forum was the major international conference of its kind attracting the crowds at Athens Hilton Hotel earlier today. Nicholas Bornozis and his team managed to gather top of the brass speakers, moderators and themes-to-be-debate in a very...
February 24th, 2014 | Awards, Conferences, Seminars, Forums, Energy, Shipfinance | Read More

Euronav – optional redemption notice

Euronav – optional redemption notice
Optional Redemption notice convertible bonds issued in 2013  ANTWERP, Belgium, 20 February 2014 – The executive committee of Euronav NV hereby reports that the following notice has been given today to the holders of convertible bonds issued in 2013: “Pursuant to Condition 7(d)(iii) (Redemption at...
February 20th, 2014 | Banking, Stock Markets | Read More

Lord Mayor of City of London Hails Foreign Direct Investment at UK’s New Super Port

Lord Mayor of City of London Hails Foreign Direct Investment at UK’s New Super Port
London Gateway CEO Simon Moore, DP World Group CEO Mohammed Sharaf, The Lord Mayor of the City of London Fiona Woolf, and The Lord Mayor’s Consort Nicholas Woolf. 20th February 2014, London: The Lord Mayor of the City of London, Fiona Woolf, welcomed the foreign direct investment by Dubai’s DP World...
February 20th, 2014 | Events, Finance, Logistics, News, Ports & Terminals | Read More

The shipping markets in turmoil….

The shipping markets in turmoil….
John Faraclas The shipping markets in turmoil; the BDI still down 1, 121 points  – 50 centum in  50 days… Allaboutshipping.co.uk’s fifth overview of the Shipping Markets and the World Economy for 2014 with John Faraclas who recovered from his cold… The BDI  closed earlier on at 1, 106...
February 14th, 2014 | Banking, Bribery and Corruption, Chartering, Corruption, Earthquakes, Tsunamis, Cyclones and Typhoons, European Union, Fixtures, Headlines, Legal, Maritime Fraud, Markets, Mediterranean Shipping, News, Ocean Shipping, Politics and Government, Press and Media, Reports, Safety and Security, Seizures, Ship Finance, Shipbuilding and Shipyards, Shipping Indices, Stock Markets, Taxation, Trade and Commerce, Weather | Read More

Flash: Greek real GDP down 3.7% in 2013; a much better than initially expected reading

Flash: Greek real GDP down 3.7% in 2013; a much better than initially expected reading
Platon Monokroussos Greek real GDP down 3.7% in 2013; a much better than initially expected reading Greece’s stats agency, EL.STAT, released earlier today its quarterly national account statistics for Q4 2013. According to the flash report, Greek real GDP growth declined by 2.6% YoY, bringing the full-year...
February 14th, 2014 | Breaking News, Finance, Markets | Read More

Oslo Børs to list derivatives on Opera Software

Oslo Børs to list derivatives on Opera Software
13/02/2014 – From 18 February options, forwards and futures will be listed on Opera Software as the underlying share. Opera Software is one of the most traded securities on Oslo Børs, a member of the OBX Index and the possibility to trade derivatives on this share has been in demand from...
February 13th, 2014 | Banking, Finance, Stock Markets | Read More

ShipMoney and SBNTEX sign a Marketing and Business Development Agreement

ShipMoney and SBNTEX sign a Marketing and Business Development Agreement
FT. LAUDERDALE, FLORIDA and MUMBAI, INDIA. Maritime Payment Solutions, LLC – Program Manager of the Visa ShipMoney Program is pleased to announce that it has signed a multi-year Marketing and Business Development Agreement with SBNTEX, a wholly owned subsidiary of SBN Technologics. Under terms of the...
February 7th, 2014 | Accountancy, Banking, Corporate Social Responsibility, HR, Marine Equipment Products and Services | Read More

The women who drive emerging markets…

The women who drive emerging markets…
Keynote speaker Angela Brav The women who drive emerging markets:  navigating challenges in the world’s key industries,  By James Brewer  Some of the top women in commercial life have spoken of their passion for working in emerging markets, but warned of the need to adapt to local cultures and avoid...
February 5th, 2014 | Conferences, Seminars, Forums, Energy, Finance, Legal, Markets, Tourism | Read More

The Hellenic Shipyards scandal…

The Hellenic Shipyards scandal…
At the centre left the Hellenic Shipyards docks can be easily seen empty – photo courtesy John Faraclas In all earnest: shouldn’t the judicial European Authorities check the Hellenic Shipyards et al issue…? John Faraclas writes: I have been a strong advocate for over two decades (twenty-two years...
February 4th, 2014 | At the end of the day..., Bribery and Corruption, Civil Unrest, Comment, Corruption, Country Profiles, Defense, Disputes, European Union, Headlines, HR, Labour Disputes, Maritime Fraud, Markets, Military, News, People and Places, Politics and Government, Safety and Security, Sanctions, Seizures, Ship Conversions, Shipbuilding and Shipyards, Shipfinance, Shiprepair, Story of the Month, Technical | Read More

Debt financing of the Maersk VLCC fleet acquisition completed

Debt financing of the Maersk VLCC fleet acquisition completed
ANTWERP, Belgium, 4 February 2014 – With reference to the press releases of 5 and 6 January 2014 in which Euronav announced the acquisition of fifteen (15) Very Large Crude Carriers (VLCC) from Maersk Tankers Singapore Pte Ltd. for a total acquisition price of USD 980 million, the executive committee...
February 4th, 2014 | Banking, Energy, News, Oil Industry, Shipfinance, Stock Markets | Read More

Greece Macro Monitor (31 January 2014)

Greece Macro Monitor (31 January 2014)
  Platon Monokroussos Official discussions on the 4th program review anticipated to resume in early February; government expects March 10 Eurogroup to approve next EFSF loan disbursement to Greece. Viewers do please log on herebelow to read the report: GREECE MACRO FOCUS, January 31, 2014
January 31st, 2014 | Banking, Finance | Read More

Markus Paffenholz becomes Managing Director of HSH Corporate Finance

Markus Paffenholz becomes Managing Director of HSH Corporate Finance
  Markus Paffenholz (48) takes over the management of HSH Cor-porate Finance’s operations from Markus Schütz (42) HAMBURG/KIEL Markus Paffenholz, currently joint managing director of HSH Corporate Finance, is set to assume responsibility for the operations of the HSH Nordbank subsidiary....
January 30th, 2014 | Banking, Finance, HR | Read More

2014: the markets returning, the opportunity is now. London is as strong as ever

2014: the markets returning, the opportunity is now. London is as strong as ever
Doug Barrow (at the podium), Katharina Stanzel, Kathleen Haines, Peter Hichcliffe, Richard Fulford-Smith and Jamie Freeland 2014: the markets returning, the opportunity is now. London is as strong as ever. By Jean Winfield, Jeanius Consulting Almost 300 delegates from 15 countries recently attended...
January 27th, 2014 | Conferences, Seminars, Forums, Events, Shipfinance, Stock Markets | Read More

Euronav Conversion of convertible bonds

Euronav Conversion of convertible bonds
ANTWERP, Belgium, 24 January 2014 – Euronav NV announces that on 23 January 2014 its share capital was increased following the exercise of the conversion option of 97 convertible bonds issued in 2013 and maturing in 2018. That resulted in the issuance of 1, 679, 010 new ordinary shares. The impact...
January 24th, 2014 | Banking, Company Profiles, Shipfinance, Stock Markets | Read More

HSH Nordbank financing shopping mall portfolio for Morgan Stanley real estate fund

• Successful start to the year achieved by the Real Estate Clients division with large-scale transaction for Morgan Stanley real estate fund HAMBURG/KIEL HSH Nordbank has entered the new year by providing Morgan Stanley Real Estate Fund Global VII, a closed-end real estate fund managed by investment...
January 20th, 2014 | Banking, Finance | Read More

Funding gaps, OSI and why Greece’s aim to access wholesale funding markets in 2014…

Funding gaps, OSI and why Greece’s aim to access wholesale funding markets in 2014…
Platon Monokroussos Greece Macro Monitor (15 January, 2014) Funding gaps, OSI and why Greece’s aim to access wholesale funding markets in 2014 constitutes a reasonable (and conditionally feasible) proposition Summary In this report, we take a close look at some important aspects of the agenda of the...
January 15th, 2014 | Banking, Finance, Markets, News | Read More

Diana’s new acquisitions, fixtures et al

Diana’s new acquisitions, fixtures et al
Diana Shipping Inc. Announces Signing and Drawdown of  a US$18 Million Term Loan Facility with Commonwealth Bank of Australia;  Announces Time Charter Contract for m/v Crystalia with Glencore ATHENS, GREECE, January 14, 2014 – Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping...
January 14th, 2014 | Chartering, Dry Bulkcarriers, Fixtures, Markets, Ocean Shipping, Sales and Purchases, Shipfinance, Stock Markets | Read More

Capital increases through bond conversion and equity raise

Capital increases through bond conversion and equity raise
ANTWERP, Belgium, 13 January 2014 – Euronav NV announces that on 10 January 2014 its share capital was increased following the exercise of the conversion option of 491 convertible bonds issued in 2013 and maturing in 2018. That resulted in the issuance of 8, 163, 810 new ordinary shares. The impact...
January 14th, 2014 | Banking, Stock Markets | Read More

OW Bunker signs US$ 700 million revolving credit facility

OW Bunker signs US$ 700 million revolving credit facility
OW Bunker, one of the world’s leading resellers and physical distributors of marine fuel, has signed a USD 700 million revolving credit facility, refinancing its current USD 450 million facility. The new facility consisting of two tranches, a 364-day and a 3-year multi-currency revolving credit facility,...
January 9th, 2014 | Bunkering, Finance | Read More

Market dips

Market dips
John Faraclas We did said it: 2014 will be the year of the upheavals… Again live from the studios of SBC TV in Athens earlier on this afternoon Friday the 3rd of January 2014 John Faraclas expressed his fears about the world shipping markets in its entirety. The year opened with the markets diving...
January 3rd, 2014 | Airline Industry, Chartering, Cruise Industry, Dry Bulkcarriers, Fixtures, Maritime Tourism, News, Oil Industry, Ports & Terminals, Sales and Purchases, Ship Conversions, Ship Demolitions, Shipbuilding and Shipyards, Shipfinance, Shipping Indices, Shiprepair, Statistics, Stock Markets, Tankers, Taxation, Tourism, Trade and Commerce | Read More

Alternative sources of debt finance for shipping…

Alternative sources of debt finance for shipping…
Jeremy Penn, Jim Davis and Simon Lew Alternative sources of debt finance for shipping: potential ways forward outlined in IMIF talk by Simon Lew of Norton Rose Fulbright Shipping may be able to adopt financing methods favoured in the aircraft sector, in its search for new routes to fund newbuilding projects. Among...
January 2nd, 2014 | Conferences, Seminars, Forums, IMIF, Shipfinance | Read More