Archive for the ‘Shipfinance’ Category

Nicolas Blanchard appointed new Chief Clients and Products Officer (CCO)

Nicolas Blanchard appointed new Chief Clients and Products Officer (CCO)
CCO Nicolas Blanchard HAMBURG/KIEL – The Supervisory Board of HSH Nordbank has appointed Nicolas Blanchard (50) as a new Management Board member. He takes on the role of Chief Clients and Products Officer with immediate effect. Torsten Temp (58), the longstanding Board member for Markets, will resign...
December 10th, 2018 | Banking, Company Profiles, Finance, HR, Person Profiles, Shipfinance | Read More

Daily Overview of Global Markets & the SEE Region (Monday, December 10, 2018)

Daily Overview of Global Markets & the SEE Region (Monday, December 10, 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: Risk-off sentiment continued to engulf global market markets early today on mounting worries over the global growth outlook, increasing risks that the US/China trade negotiations may not deliver a successful outcome and expectations...
December 10th, 2018 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets | Read More

Daily Overview of Global Markets & the SEE Region (Friday, December 7, 2018)

Daily Overview of Global Markets & the SEE Region (Friday, December 7, 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: Wall Street managed to close well off the mid-session sell-offs overnight (Dow Jones, S&P 500 and Nasdaq closed -0.3%, -0.2% and +0.4%, respectively), while the majority of Asian equity indices traded higher on Friday. Core government...
December 7th, 2018 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets | Read More

Daily Overview of Global Markets & the SEE Region (Thursday, December 6, 2018)

Daily Overview of Global Markets & the SEE Region (Thursday, December 6, 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: Global equity indices traded lower on Thursday after Canadian authorities arrested the CFO of Chinese tech giant Huawei for extradition to the US amid alleged violations of Iranian sanctions. The arrest amplified investor worries over...
December 6th, 2018 | Banking, Finance, Reports, Shipfinance, Statistics, Stock Markets | Read More

Daily Overview of Global Markets & the SEE Region (Wednesday, December 5, 2018)

Daily Overview of Global Markets & the SEE Region (Wednesday, December 5, 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: Mirroring the negative tone in Wall Street overnight, global equity indices traded in the red on Wednesday amid heightened investor concerns over trade protectionism and weakening global economic momentum. Against this background, core...
December 5th, 2018 | Banking, Finance, Markets, Reports, Shipfinance, Trade and Commerce | Read More

Daily Overview of Global Markets & the SEE Region (Tuesday, December 4, 2018)

Daily Overview of Global Markets & the SEE Region (Tuesday, December 4, 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: Yesterday’s market relief following the ceasefire trade agreement between the US President and his Chinese counterpart on the sidelines of the G20 meeting proved short-lived. European bourses opened lower today and US stock futures...
December 4th, 2018 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets, Trade and Commerce | Read More

Daily Overview of Global Markets & the SEE Region (Monday, December 3, 2018)

Daily Overview of Global Markets & the SEE Region (Monday, December 3, 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: The meeting between US President Donald Trump and his Chinse counterpart Xi Jinping on the sidelines of the G20 meeting led to an agreement for the US to postpone the scheduled tariff increase. In return, China will purchase a “very...
December 3rd, 2018 | Banking, Finance, Reports, Shipfinance | Read More

Daily Overview of Global Markets & the SEE Region (Friday, November 30, 2018)

Daily Overview of Global Markets & the SEE Region (Friday, November 30, 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: All eyes are on the meeting between US President Donald Trump and his Chinese counterpart Xi Jinping on the sidelines of the G20 summit in Argentina late on Saturday which will aim at resolving the trade dispute between the two countries....
November 30th, 2018 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets | Read More

Daily Overview of Global Markets & the SEE Region (Thursday, November 29, 2018)

Daily Overview of Global Markets & the SEE Region (Thursday, November 29, 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: Mirroring the positive performance in Wall Street overnight, Asian equity indices ended in the black on Thursday following Fed Chairman Jerome Powell’s comments yesterday that fed fund rates are currently “just below” neutral,...
November 29th, 2018 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets | Read More

First successful privatisation of a Landesbank completed

First successful privatisation of a Landesbank completed
Stefan Ermisch, CEO HAMBURG/KIEL – HSH Nordbank AG is today embarking on its future as the first successfully privatised Landesbank in Germany. The commercial bank’s new shareholders, who are independent of each other, are Cerberus Capital Management, J. C. Flowers & Co., GoldenTree Asset Management,...
November 28th, 2018 | Banking, Finance, Mergers and Acquisitions, News, Shipfinance | Read More

Daily Overview of Global Markets & the SEE Region (Wednesday, November 28, 2018)

Daily Overview of Global Markets & the SEE Region (Wednesday, November 28, 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: Trade woes linger ahead of the meeting between US President Donald Trump and his Chinese counterpart Xi Jinping on 1 December, on the sidelines of the G20 summit in Argentina. Adding to the above, a media report conveyed that the US...
November 28th, 2018 | Banking, Finance, Markets, Reports, Shipfinance, Trade and Commerce | Read More

Daily Overview of Global Markets & the SEE Region (Tuesday, November 27, 2018)

Daily Overview of Global Markets & the SEE Region (Tuesday, November 27, 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: US-China trade conflict remains one of the major market themes with investors eagerly awaiting the planned meeting between US President Donald Trump and his Chinese counterpart Xi Jinping on the sidelines of the G20 summit in Argentina...
November 27th, 2018 | Banking, Finance, Markets, Military, Reports, Shipfinance, Statistics, Stock Markets, Trade and Commerce | Read More

Daily Overview of Global Markets & the SEE Region (Monday, November 26, 2018)

Daily Overview of Global Markets & the SEE Region (Monday, November 26, 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: Although Wall Street dropped in the post-Thanksgiving Friday’s session on the back of an energy sector plunge, most global equity markets traded higher on Monday, while oil prices are showing signs of stabilization around levels of...
November 26th, 2018 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets | Read More

Daily Overview of Global Markets & the SEE Region (Friday, November 23, 2018)

Daily Overview of Global Markets & the SEE Region (Friday, November 23, 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: Ahead of this Sunday’s extraordinary meeting of EU leaders to endorse the Brexit Withdrawal Agreement, the UK and the European Commission agreed yesterday on a draft political declaration on the future UK/EU relationship. In a knee-jerk...
November 23rd, 2018 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets | Read More

Daily Overview of Global Markets & the SEE Region (Thursday, November 22, 2018)

Daily Overview of Global Markets & the SEE Region (Thursday, November 22, 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: In its updated economic outlook report released yesterday, the OECD said that the global expansion has peaked and revised lower its global GDP growth estimate for 2019 to 3.5% from 3.7% previously, citing continued headwinds from trade...
November 22nd, 2018 | Banking, Finance, Markets, Shipfinance, Statistics, Stock Markets | Read More

Daily Overview of Global Markets & the SEE Region (Wednesday, November 21 2018)

Daily Overview of Global Markets & the SEE Region (Wednesday, November 21 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: The European Commission is expected to state its final opinion on Italy’s 2019 budget plan to the government today and is highly likely to take the first step towards initiating an excessive deficit procedure against Italy after the...
November 21st, 2018 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets | Read More

Daily Overview of Global Markets & the SEE Region (Tuesday, November 20 2018)

Daily Overview of Global Markets & the SEE Region (Tuesday, November 20 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: Taking their lead from Wall Street’s losses overnight, global equity markets were under pressure in early trade today weighed down by worries over a slowing global growth momentum, lingering US/China trade tensions, rising borrowing...
November 20th, 2018 | Banking, Finance, Markets, Shipfinance, Statistics, Stock Markets | Read More

Daily Overview of Global Markets & the SEE Region (Monday, November 19, 2018)

Daily Overview of Global Markets & the SEE Region (Monday, November 19, 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: Following President Donald Trump’s upbeat comments on Friday that he may not impose additional tariffs on Chinese imported goods as China offered a list of potential measures in order to resolve trade tensions, the majority of global...
November 19th, 2018 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets | Read More

HSH Nordbank: Privatisation marks nine-month results

HSH Nordbank: Privatisation marks nine-month results
Stefan Ermisch Nine-month Group net income before taxes of € 8 (previous year: 201) million Guarantee brings negative impact of € -188 million – including cash settlement for early termination Administrative expenses reduced by 13% to € -319 million CET1-ratio consolidated at a good level...
November 16th, 2018 | Banking, Finance, Reports, Shipfinance | Read More

Daily Overview of Global Markets & the SEE Region (Thursday, November 15 2018)

Daily Overview of Global Markets & the SEE Region (Thursday, November 15 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: UK Prime Minister announced yesterday the Cabinet’s approval for the tentative agreement reached with EU27 on the terms of the Brexit divorce. This is expected to open the way for an extraordinary EU Council meeting in late November...
November 15th, 2018 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets, Trade and Commerce | Read More

Global insurance and trade grapple with blockchain innovation

Global insurance and trade grapple with blockchain innovation
Prof Michael Mainelli. Global insurance and trade grapple with blockchain innovation By James Brewer Blockchain, a system that has seen substantial growth in 2018, holds out immense promise for mitigating business and financial risk, a conference in the heart of London’s insurance market heard. The...
November 15th, 2018 | Banking, Conferences, Seminars, Forums, Corruption, Finance, Insight, Insurance and Reinsurance, Marine Insurance, Maritime Fraud, Safety and Security, Shipfinance | Read More

ECB on brink of egregious policy error, Islamic finance Bulletin

ECB on brink of egregious policy error, Islamic finance Bulletin
Commentary: ECB on brink of egregious policy error By Desmond Lachman in Washington ECB President Mario Draghi sees no need for the central bank to change course from its decision to withdraw monetary policy stimulus by concluding its bond-buying programme later this year. He does so despite growing...
November 15th, 2018 | Banking, Finance, News, Shipfinance | Read More

Sovcomflot concludes USD 149 million project credit facility for up to 10 years with three leading European banks

Sovcomflot concludes USD 149 million project credit facility for up to 10 years with three leading European banks
Nikolai Kolesnikov Senior EVP & CFO PAO Sovcomflot Sovcomflot (SCF Group) is pleased to announce that it has signed a new USD 149 million credit facility, for up to 10 years, with a consortium of three leading international banks, comprising: ING Bank N.V.; KfW IPEX-Bank GmbH, and Crédit Agricole...
November 14th, 2018 | Banking, LNG, Markets, News, Shipfinance | Read More

Daily Overview of Global Markets & the SEE Region (Wednesday, November 14, 2018)

Daily Overview of Global Markets & the SEE Region (Wednesday, November 14, 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: According to press reports, the UK and EU negotiators reached an agreement on a technical level on the terms of the Brexit divorce. The UK cabinet will meet today at 14:00 GMT to decide whether to approve the draft text. In reaction...
November 14th, 2018 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets | Read More

Daily Overview of Global Markets & the SEE Region (Tuesday, November 13, 2018)

Daily Overview of Global Markets & the SEE Region (Tuesday, November 13, 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: Major European bourses opened in positive territory today amid hopes for a de-escalation of trade frictions between the world’s two biggest economies. Meanwhile, Italy’s sovereign paper remained under pressure with the 10-yr BTP/Bund...
November 13th, 2018 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets | Read More