Archive for the ‘Shipfinance’ Category

Marine Money Athens 2012 – A twist in the tale

The Marine Money Greek conference was held in Athens on 17th October. With over 300 people in the audience, chatter and laughter at the coffee breaks and a wonderful closing party for 400 at a football stadium in the port of Piraeus, it was as if there was no crisis in shipping, let alone in Greece....
November 1st, 2012 | Shipfinance | Read More

Matthias Wittenburg appointed new Management Board member in charge of Products and Capital Markets

Matthias Wittenburg  The HSH Supervisory Board today appointed Matthias Wittenburg (44) for three years to the Bank’s Management Board responsible for Products and Capital Mar-kets. Mr. Wittenburg will take up his new position on 1 January 2013. Torsten Temp, Management Board member responsible...
October 12th, 2012 | Shipfinance | Read More

Greek shipping: a lot yet has to be done to safeguard its top position

Greek shipping: a lot yet has to be done to safeguard its top position
John Faraclas’ latest interview and commentary last Friday the 7th of September to Lilian Margaritis and Vassilis Tsekouras of SBC TV on the entire Greek shipping industry’s issues: ships – both ocean going and coastal ones including ferries, shipping and stock markets, maritime tourism, ports...
September 8th, 2012 | Environment, HR, Markets, News, Politics and Government, Ports & Terminals, Shipbuilding and Shipyards, Shipfinance | Read More

HSH Nordbank’s first-half results strained by worsening shipping crisis

Group net income of EUR 70 million as of the end of June Progress made in the Core Bank’s client business reflected in substantial growth in new business. Heavy strain exerted by further deterioration in shipping, substantial increase in loan-loss provisions No swift improvement expected in...
September 1st, 2012 | Finance, Shipfinance | Read More

Shipyards saga in Greece continues, but Greeks can do it if…..!

Shipyards saga in Greece continues, but Greeks can do it if…..!
We continue our reporting with the shipyard saga in Greece following governmental announcement/appointment of a coordinator project planner… Indeed the Greeks can do it if the right persons are appointed to do the job! As you all know, Nicholas Anastasopoulos, former CEO of the Piraeus Port Authority...
August 20th, 2012 | Airline Industry, Breaking News, Coastal Shipping, Energy, Flags, Jobs, Manning - Seafarers and Offshore, Oil Platforms and Rigs, Politics and Government, Ship Conversions, Shipbuilding and Shipyards, Shipfinance, Shiprepair, Tourism | Read More

DVB Group posts a marked increase in consolidated net income before IAS 39 and taxes for the first half of 2012

Wolfgang Driese DVB increased its consolidated net income before taxes (and excluding net result from financial instruments in accordance with IAS 39) by 36.6%, to €91.1 million (H1 2011: €66.7 million). Wolfgang F. Driese, CEO and Chairman of the Board of Managing Directors, commented on DVB’s...
August 8th, 2012 | Banking, Finance, Shipfinance | Read More

Emporiki Bank’s successful Posidonia reception

Emporiki Bank’s successful Posidonia reception
Andreas Bagias, Theodore Polydoros, Panagiotis Tsafaras, Nicholas Embeoglou, Lilian Evgenides and Despina Keramioti At the Arion complex of the Astir Palace, on the Vouliagmeni beach resort south of Athens, next to the Westin where the AllAboutShipping team was attending earlier on the Korean Shipbuilders’...
June 8th, 2012 | Events, Shipfinance | Read More

Ship Financing – or lack thereof – under Posidonia Spotlight

Ship Financing – or lack thereof – under Posidonia Spotlight
Jean Richards A few days after Aggelikousis Group’s US$1.25 billion credit facility with six banks for the financing of nine LNG carriers was made public, delegates of a shipbuilding conference held during the fourth day of this year’s Posidonia Exhibition heard that increasing defaults on existing...
June 7th, 2012 | Conferences, Seminars, Forums, Shipfinance | Read More

RBS steals the opening Posidonia show

RBS steals the opening Posidonia show
Lambros Varnavides head of Shipping, Andy Georgiou RBS' Coutry Manager and Fotis Bratimos, head of Shipping Piraeus greeting incoming guests Never ever before a Bank could have a “brigade” of guests in a buffet reception, particularly at Posidonia; but the Royal Bank of Scotland did! On a promising...
June 7th, 2012 | Events, Shipfinance | Read More

Engagement of China’s banks with shipping industry discussed at key conference

Engagement of China’s banks with shipping industry discussed at key conference
H.E. Liu Xaioming, Ambassador of the People's Republic of China to the United Kingdom of Great Britain and Northern Ireland delivering his welcome speech Last Tueday 15th May 2012, the finance and shipping industry came together for the China Money & Ships conference held at Haberdashers’ Hall,...
May 17th, 2012 | Conferences, Seminars, Forums, Shipfinance | Read More

DVB’s consolidated net income before IAS 39 and taxes as at 31 March 2012 only down slightly year-on-year

DVB’s consolidated net income before IAS 39 and taxes as at 31 March 2012 only down slightly year-on-year
Wolfgang F. Driese Consolidated net income before IAS 39 and taxes declined slightly to €37.1 million for the first quarter of 2012, down 6.3% year-on-year (Q1 2011: €39.6 million). Wolfgang F. Driese, CEO and Chairman of the Board of Managing Directors, commented on DVB’s quarterly results: “As...
May 15th, 2012 | Banking, Shipfinance | Read More

Cecon ASA – Agreement with Export Development Canada

Cecon ASA has received an acceptance from Export Development Canada (EDC)  for Cecon ASA’s proposal to acquire the rights in the USD 200 million EDC financing received by Cecon ASA February 2009.   Cecon ASA will proceed to negotiate a final purchase and sale agreement whereby EDC will sell their...
April 24th, 2012 | Markets, Shipbuilding and Shipyards, Shipfinance | Read More

Shipping not properly prepared for uncomfortable bank meetings

Paul Edwards INTERNATIONAL accountant and shipping adviser Moore Stephens has warned that some shipping companies are not adequately prepared to conduct successful negotiations with their banks which are likely to occur with increasing frequency. Paul Edwards, a Moore Stephens corporate finance director,...
April 19th, 2012 | Accountancy, Shipfinance | Read More

HSH Nordbank achieves fresh start under difficult market conditions

HSH Nordbank achieves fresh start under difficult market conditions
Introduction of a new business model and positioning as a ’bank for entrepreneurs’ launched on the market following conclusion of the EU state aid proceedings Positive feedback from clients: new business and cross-selling significantly increased Net income before restructuring improved to EUR...
March 23rd, 2012 | Banking, Shipfinance | Read More

DVB’s sustainable expertise in finance

DVB’s sustainable expertise in finance
Bertrand Grabowski, Wolfgang F. Driese and Dagfinn Lunde Last Friday’s breakfast at the Quarters Room of the renovated St. Pancras Renaissance London Hotel by DVB Bank’s top echelon, provided a unique presentation to the media; in my humble view this was a tribute to Intermodalism! After a brief...
March 14th, 2012 | Aviation, Banking, Conferences, Seminars, Forums, Energy, Oil Platforms and Rigs, Shipfinance | Read More

Panamax Hysteria – Shipping never learns from the past

Panamax Hysteria – Shipping never learns from the past
Fabrizio Vettosi – Panamax Hysteria – Shipping never learns from the past, by Fabrizio Vettosi* – Undoubtedly the new century marked some deep changes in the entire logistics and the shipping industry thanks to the following critical issues: Factor “C”, the China Growth Factor; Industrial...
March 8th, 2012 | Comment, Shipfinance, Trade and Commerce | Read More

Polemis: caution and prudence in all fronts

Polemis: caution and prudence in all fronts
The FT World Shipping Congress in Athens We bring you Spyros Polemis’ opening speech in its entirety and look forward your comments: Distinguished guests, Ladies and gentleman, When I last chaired a major shipping conference in Athens organised by the Financial Times, it was just a day or two...
February 20th, 2012 | Conferences, Seminars, Forums, Manning - Seafarers and Offshore, Maritime Accidents, Piracy and Terrorism, Politics and Government, Shipbuilding and Shipyards, Shipfinance | Read More

HSH Nordbank successfully places promissory note for Oiltanking Finance B.V. –

HSH Nordbank successfully places promissory note for Oiltanking Finance B.V.  –
Placement volume of EUR 245 million Torsten temp Original volume more than three times oversubscribed Pricing at the lower end of the subscription range Hamburg/Kiel, 20 February 2012 – HSH Nordbank AG successfully completed a promissory note transaction end of last week. As joint lead arranger...
February 20th, 2012 | News, Shipfinance | Read More

Shipping Financing in Crisis

Shipping Financing in Crisis
Shipping Financing in Crisis – a personal view by Alan McCarthy Alan McCarthy The BDI is in free fall, with the accompanying predictions of further doom and gloom.  Low rates, overcapacity, a Damoclean overhang of newbuildings and tensions in the Persian Gulf all swirl about us as we strive...
February 1st, 2012 | News, Shipfinance | Read More