Archive for the ‘Shipfinance’ Category

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

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

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

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

HSH Nordbank strengthens its position in USD business with USD 700 million funding

HAMBURG/KIEL With a wholesale secured financing transaction jointly arranged and executed with Citigroup, HSH Nordbank strengthens its position in the important USD-based lending business. OCEAN FUNDING 2013 raises up to USD 700 million for HSH Nordbank. The transaction is collateralized with a portfolio...
December 18th, 2013 | Banking, Shipfinance | Read More

Sovcomflot concludes USD 316 million, 10 year project non-recourse credit facility

Sovcomflot concludes USD 316 million, 10 year project non-recourse credit facility
From the signing ceremony OAO Sovcomflot (SCF Group) is pleased to announce that it has signed a new USD 316 million 10 year credit facility with a consortium of three leading international banks: ING Bank N.V. (ING) of the Netherlands; KfW IPEX-Bank GmbH (KfW) of Germany and Sumitomo Mitsui Banking...
December 17th, 2013 | Banking, Energy, LNG, Shipbuilding and Shipyards, Shipfinance | Read More

Euronav to raise US$ 150 mio…

Euronav to raise US$ 150 mio…
EURONAV to raise US$ 150 mio of perpetual convertible preferred equity ANTWERP, Belgium, 16 December 2013 – The board of directors of Euronav NV (‘Euronav’) announced today that the company has raised USD 150 million via a private placement of a perpetual convertible preferred equity instrument...
December 16th, 2013 | Banking, Markets, News, Shipfinance, Stock Markets | Read More

Core Bank posted pre-tax profit of EUR 139 million after nine months

Core Bank posted pre-tax profit of EUR 139 million after nine months
Core Bank has thus been profitable for past five quarters New business up nine percent to EUR 4.9 billion. Restructuring Unit recorded a loss of EUR -271 million before taxes As expected, the Group posted a loss of EUR -104 million Core Tier 1 capital ratio further improved to a high level, i.e. 12.1...
November 29th, 2013 | Banking, Finance, Shipfinance | Read More

Dutch Court of Appeal widens ship arrest scope

Dutch Court of Appeal widens ship arrest scope and cheers up bankers ROTTERDAM-based law firm AKD says a recent decision in the Dutch Court of Appeal substantially extends the jurisdiction of Dutch courts following a ship arrest. In the case of theHero (HSH Nordbank vs Hero Shipping) the court ruled...
November 26th, 2013 | Banking, Legal, Shipfinance | Read More

Record turnout at 7th City of London Biennial Meeting

Record turnout at 7th City of London Biennial Meeting
Prof. Costas Grammenos introducing the event and giving a brief account of the Centre’s 30th Anniversary on day 1 20 November 2013 – Hundreds of delegates from as far away as China, Hong Kong and the USA convened in London for the seventh City of London Biennial Meeting. More than 700 senior...
November 20th, 2013 | Academia, Anniversaries, Banking, Conferences, Seminars, Forums, Energy, Environment, Finance, HR, Markets, Shipfinance | Read More

More caution needed in the shipping industry and the world economy….

More caution needed in the shipping industry and the world economy….
www.allaboutshipping.co.uk brings you live some of the best and important international news from week 46 and the beginning of week 47, this Monday the 18th of November 2013 The dropping Markets with the BDI index going down at 1, 500 earlier today and the big sizes in real drop suggests caution on...
November 18th, 2013 | Associations, Banking, Conferences, Seminars, Forums, Container shipping, Corruption, Energy, Environment, Events, HR, IMarEST, IMO, News, Organisations, Shipfinance | Read More

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

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

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

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