Owners Not Ready to Give Up Control to Smart Ships

Orca AI: Maritime industry slow at adapting solutions vital to avoiding collisions.

Petrofin Research: Bank Ship Lending Dwindles

The shipping industry saw USD 42.5 billion removed from the ship lending jar in 2016, according to Petrofin ...

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Korean Bank to Fund Philippines' New Cebu Port

South Korean bank Korea Eximbank (KEXIM) has granted its approval for a financial injection for the ...

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JP Morgan Targets Shipping Assets with New Fund

JP Morgan Asset Management has raised USD 480 million from insurers and pension funds aimed at investing into ...

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HSH Nordbank’s Shipping Loan Losses Reach USD 221 Mn

With persistent shipping woes, the German-based provider of shipping finance HSH Nordbank has seen its loan loss ...

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DSME Selling USD 702 Mn Worth of New Shares

In an effort to improve its financial situation, the South Korean shipbuilder Daewoo Shipbuilding & Marine ...

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New JV to Help Banks Outsource Exposure to Shipping Loans

Hamburg’s maritime asset management firm Ernst Russ AG and Jersey-based investment group Ecofin Holdings ...

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Moody's: German Shipping Lenders Face Squeeze on Profits

Albeit early signs of recovery became visible during the first months of 2017, the shipping industry’s ...

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ISH Moves Towards Emergence from Bankruptcy

Alabama-based shipping company International Shipholding Corporation (ISH) has received the necessary approvals ...

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Commerzbank Takes Step Toward Selling Bad Shipping Loans

German financial services company Commerzbank has returned its regulatory licence to conduct business concerning ...

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Dorian LPG Amends Debt Facility

US-based owner and operator of very large gas carriers (VLGCs) Dorian LPG has entered into an agreement with its ...

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DryShips Bags Financing for Four VLGCs

Greek shipowner DryShips has won “firm commitment” for a senior secured credit facility of up to USD ...

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ICC: USD 1.6 Trn Gap in Global Trade Finance

There is a USD 1.6 trillion shortfall in trade finance globally, the International Chamber of Commerce (ICC) said ...

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ABN AMRO to Finance BWT Systems for Celsius Shipping

Dutch ABN AMRO Transportation has concluded the world’s first financing for the installation of a ballast ...

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HSH Nordbank's Shipping Provisions Reach USD 2.1 Bn

Germany’s shipping finance provider HSH Nordbank has reported high loan loss provisions as it set aside EUR 2 ...

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Banks Agree to Delay Seanergy’s Loan Payments

Greek dry bulk owner and operator Seanergy Maritime Holdings Corp. has obtained waiver and deferral for major ...

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NordLB to Lend a Helping Hand to Bremer Landesbank

German shipping bank Norddeutsche Landesbank Girozentrale (NORD/LB) plans to provide financial relief to its ...

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HSH Nordbank Rejects Rickmers’ Debt Restructuring Plan

German HSH Nordbank has dismissed the debt restructuring proposal of Singapore-based containership owner and ...

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THE Alliance Unveils Safety Net in Case of Bankruptcy

The five member lines of THE Alliance said that they will establish an independent trustee to manage funds to be ...

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CWR: Shipping Banks Face Climate Risk Exposure

Climate transition pathways could pose risks to the banks that hold USD 400 billion of global shipping debt, ...

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Report: HSH Nordbank Sells USD 1.75 Bn of Loans

German HSH Nordbank has reached an agreement to sell a part of its loan portfolio in the amount of EUR 1.64 billion ...

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Euroseas Secures Loan to Finance Ultramax Newbuild

Greek shipping company Euroseas informed about the signing and service of a drawdown notice under a USD 10.86 ...

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HSH Nordbank Seeks Owner

HSH Beteiligungs Management has started a bidding process to sell the majority of the shares in Germany’s HSH ...

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Korea Development Bank Increases DSME Stake

The state-run Korea Development Bank (KDB) has increased its stake in the South Korean shipbuilder Daewoo ...

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Maritime & Merchant Bank Open for Business

Maritime & Merchant Bank ASA (M&M), a niche bank for the shipping and offshore sector, opened its doors for ...

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Bahrain LNG Lands USD 741M Loan

Bahrain LNG WLL, the developer and owner of the first liquefied natural gas (LNG) receiving and regasification ...

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HSH Nordbank's Shipping Loan Loss Provisions at USD 1 Bn

As the shipping market remained in very difficult conditions, the German-based provider of shipping finance HSH ...

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Marenave in "Promising" Talks with Financing Banks

German-based shipping trust Marenave Schiffahrts said that it has conducted “promising negotiations” ...

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