Archive for the ‘Shipfinance’ Category

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

HSH Nordbank posts earnings uptrend in the first half

Total income nearly doubled to EUR 809 million Group net income of EUR 90 million – up 67 percent on previous year Core Bank‟s earnings contribution up sharply Core Tier 1 capital ratio raised to 12 percent by replenishment of the guarantee Outlook for 2013 unchanged: Group net loss expected Chairman...
August 31st, 2013 | Banking, Finance, Shipfinance | Read More

EXMAR teams up with LNG Partners for BC LNG Project

EXMAR teams up with LNG Partners for BC LNG Project
EXMAR has entered into a Letter of Intent (LOI) and Term Sheet with LNG Partners, LLC and  LNG BargeCo BVBA in respect of providing a Floating Liquefaction & Storage Unit (FLSU) to  serve the BC LNG Project (www.bclng.com) to be located on the West Bank of the Douglas  Channel near Kitimat, British...
August 31st, 2013 | LNG, Shipfinance | Read More

Extension of FSO financing

Extension of FSO financing
ANTWERP, Belgium, 29 August 2013 – Euronav is pleased to announce that it has, jointly with Overseas Shipholding Group, Inc., signed a two-year extension of the tranche related to the FSO Africa (the “Africa Tranche”), part of the USD 500 million senior secured credit facility originally signed...
August 29th, 2013 | News, Shipfinance | Read More

Waiting for something to turn up…

Waiting for something to turn up…
We live in interesting times; the world economy in a mess, the political and geopolitical environment too. The shipping industry on a downfall, but promising for those disciplined and bold to make the next major successful step through! We fear of  unprecedented events taking place and already some...
August 19th, 2013 | Energy, Environment, News, Shipfinance, WISTA - Women in Shipping | Read More

The World Economy’s and Shipping’s missing ingredient is Transparency!

The World Economy’s and Shipping’s missing ingredient is Transparency!
John N. Faraclas The World Economy’s and Shipping’s missing ingredient is Transparency! (Part 1) By John Faraclas Transparency to all markets; transparency to all exchanges, transparency, regulation, and crash tests to all intents and purposes! Transparency includes regulation! We have numerous...
August 14th, 2013 | Associations, Energy, Environment, HR, IMO, Insurance and Reinsurance, Maritime Fraud, Markets, News, Piracy and Terrorism, Shipfinance, Shipmanagement, WISTA - Women in Shipping | Read More

DVB Group publishes its half-yearly financial report …

DVB Group publishes its half-yearly financial report …
Wolfang F. Driese with Dagfinn Lunde on his right DVB Group publishes its half-yearly financial report  for 2013: Consolidated net income before taxes of  €66.4 million (down 6.2%), due to a non-recurring  effect in the previous year Frankfurt/Main, 13 August 2013 – DVB Bank SE (ISIN: DE0008045501)...
August 13th, 2013 | Banking, Energy, Finance, News, Shipfinance | Read More

HSH Nordbank participated in the refinancing of Euroports

HSH Nordbank participated in the refinancing of Euroports
Dr. Marcus Kleiner HAMBURG/KIEL The HSH Nordbank participated as MLA with EUR 61 million in the Euroports Netherlands BV refinancing. The total senior facilities of EUR 450 million serve the purpose of the Euroports Group Refinancing on the holding level. Euroports is owned by a consortium of institutional...
August 8th, 2013 | Finance, Ports & Terminals, Shipfinance | Read More

New IFRS for consolidated accounts could raise issues for shipping

New IFRS for consolidated accounts could raise issues for shipping
Michael Simms International accountant and shipping adviser Moore Stephens says shipping companies and their financiers could be among those affected by the introduction of the new International Financial Reporting Standard for consolidated financial statements. The new standard, IFRS 10, which deals...
July 30th, 2013 | Accountancy, Shipfinance, Shipmanagement | Read More

Caution: World shipping markets are down!

Caution: World shipping markets are down!
John N. Faraclas The following are the main points from the latest John Faraclas live over the phone from Milos island interview to Niki Lymperakis of SBC TV last Friday, the 26th of July 2013; please click below, listen and comment: Niki Lymperakis entered the interview with the shipping markets saga...
July 30th, 2013 | Arrest of ships, Maritime Fraud, Markets, News, Safety and Security, Shipfinance | Read More

The shipping markets, the shipbuilding industry et al: caution and uncertainty

The shipping markets, the shipbuilding industry et al: caution and uncertainty
The following are the main points from the latest John Faraclas live interview to Nike Lymperakis of SBC TV last Friday the 12th of July 2013; please log below, listen and comment: Faraclas explained that there is an oxymoron with the unexpected small rise of the Baltic Dry Index  to 1, 149 points,...
July 15th, 2013 | Disputes, European Union, Labour Disputes, Maritime Education and Training, Markets, News, Piracy and Terrorism, Politics and Government, Shipbuilding and Shipyards, Shipfinance | Read More

Memorandum on Ship Mortgages under Cyprus Law

Memorandum on Ship Mortgages under Cyprus Law
Sofi Mylona Memorandum on Ship Mortgages under Cyprus Law, by Sofi Mylona, Senior Lawyer at Chrysses Demetriades & Co. LLC , and member of WISTA-Cyprus One can briefly defined a mortgage as a charge on a property securing money or money’s worth.  It is the creation of a charge or encumbrance...
July 9th, 2013 | Legal, Shipfinance, WISTA - Women in Shipping | Read More

Henriette Brent-Petersen to head DVB’s Shipping & Offshore Research Department

Henriette Brent-Petersen to head DVB’s Shipping & Offshore Research Department
Frankfurt/Main – DVB Bank SE, the Frankfurt-based bank which specialises in international transport finance, today announced that Henriette Brent-Petersen will join DVB as the Head of its Shipping & Offshore Research Department in Rotterdam with effect from 1 October 2013. Henriette has been leading...
July 4th, 2013 | Banking, Shipfinance | Read More

DIANA Shipping Inc., announces signing and drawdown of a US$ 18 mio term loan facility with Deutsche Bank

DIANA Shipping Inc., announces signing and drawdown of a US$ 18 mio term loan facility with Deutsche Bank
 ATHENS, GREECE, June 21, 2013 – Diana Shipping Inc. (NYSE: DSX), a global shipping company specializing in the ownership and operation of dry bulk vessels, today announced that it has signed, through two separate wholly-owned subsidiaries, a term loan facility for up to US$18 million with Deutsche...
June 21st, 2013 | News, Shipfinance, Stock Markets | Read More

Offshore Finance – it’s all about oil & gas!

Offshore Finance – it’s all about oil & gas!
  Geir Sjurseth With effect from 1 January 2013, DVB separated its existing offshore financing activities in offshore drilling and production as well as in offshore support from the Shipping Finance division, to establish a fourth division Offshore Finance (total lending volume as at 31 March 2013:...
June 14th, 2013 | Energy, Finance, Shipfinance | Read More

Change on DVB Bank’s Supervisory Board: Mr Flemming Robert Jacobs retires and is succeeded by Mr Carl Erik Steen

Change on DVB Bank’s Supervisory Board: Mr Flemming Robert Jacobs retires and is succeeded by Mr Carl Erik Steen
Frankfurt/Main – Mr Flemming Robert Jacobs, who was a member of DVB Bank SE’s Supervisory Board since 10 June 2005 as a shareholder representative, retired from the Supervisory Board and its Credit Committee in accordance with DVB’s internal age regulations upon the close of DVB’s Ordinary...
June 13th, 2013 | Banking, Finance, Shipfinance | Read More

Mirko Wollrab to head the communications division at HSH Nordbank

Mirko Wollrab to head the communications division at HSH Nordbank
Mirko Wollrab HAMBURG/KIEL Effective 1 August 2013, Mirko Wollrab (43) is to take over as Head of the Communications division at HSH Nordbank. This includes the Bank’s media and public relations, internal communications and marketing activities. In this position he will report directly to the Chairman...
May 30th, 2013 | Banking, People and Places, Shipfinance | Read More

HSH Nordbank begins 2013 with a positive quarterly result

HSH Nordbank begins 2013 with a positive quarterly result
Group net income of EUR 73 million Total earnings significantly increased to EUR 417 million Core Tier 1 capital ratio reaches 10 percent New business proves the progress made in realigning the Bank Chairman of the Management Board Constantin von Oesterreich: “The progress made in implementing our...
May 23rd, 2013 | Banking, Finance, Shipfinance | Read More

DVB Bank to strengthen its Board of Managing Directors

DVB Bank to strengthen its Board of Managing Directors
Ralf Bedranowsky The appointment of Ralf Bedranowsky (54) will strengthen DVB Bank’s management team with effect from 1 July 2013 or an earlier date. The Bank’s Supervisory Board has passed the respective resolution. Ralf Bedranowsky joins from Deutsche Bank, where he has been responsible...
April 15th, 2013 | Shipfinance | Read More

Expansion of new business substantiates positive trend of HSH Nordbank

Expansion of new business substantiates positive trend of HSH Nordbank
Core Bank generating operating profit – new business up  45 per cent  Margins improved with attractive risk/return profiles  Earnings before restructuring at EUR 160 million  Heavy charges from special items and loan loss provisioning for ship finance – consolidated loss of EUR -124 million Core...
April 11th, 2013 | Banking, Finance, Shipfinance | Read More

Shipping Markets: caution, discipline and dignity above all.

Shipping Markets: caution, discipline and dignity above all.
John N. Faraclas The following are the main points – in brief – from the latest John Faraclas live interview to Panos Thomakos on SBC TV last Friday the 5th of March 2013: 1)Faraclas started with the weather as an important factor stressing the fascinating result of the favorable Gulf Stream for...
April 9th, 2013 | Banking, News, Politics and Government, Shipbuilding and Shipyards, Shipfinance, Stock Markets, Strikes | Read More

Leadership the name of the game!

Leadership the name of the game!
The following are the main points – in brief – from the latest John Faraclas live interview from the Camelot Castle Hotel in Tintagel, Cornwall, to Panos Thomakos on SBC TV last Friday the 29th of March 2013: Faraclas started with a cultural and touristic note supporting also the Anglo-Saxon’s...
April 2nd, 2013 | Banking, Bribery and Corruption, European Union, Finance, Holidays, Jobs, Markets, News, Politics and Government, Shipfinance, Taxation | Read More

What next after the Cyprus saga?

What next after the Cyprus saga?
John N. Faraclas So who’s next after the recent Greek and Cypriot tragedies? Aeschylus revisited says quite a lot! by John Faraclas The under duress latest Greek and Cypriot fiascos will continue for the foreseeable feature until the perpetrators of this new geopolitical and geostrategic game fall...
March 25th, 2013 | At the end of the day..., Banking, European Union, Finance, Marine Insurance, Politics and Government, Shipfinance | Read More

How do you see the Financial Markets?*

How do you see the Financial Markets?*
  John Faraclas How do you see the Financial Markets?* By John Faraclas One issue bothering humanity, affecting the economy, conversely shipping is that of the Financial markets. The US, Japan, UK and to a less extent Europe, follow the same policy of unlimited monetary accommodation. Currency debasement...
March 18th, 2013 | Banking, European Union, News, Politics and Government, Shipfinance, Trade and Commerce | Read More