Germany
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Europe
Woodstreet sells MPP trio to Interunity
Brokers report that Woodstreet, controlled by Clearwater Marine and Viken Shipping, has sold off a trio of 34,000 dwt MPPs.…
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Europe
Navibulgar takes German handysize pair
Bulgarian handysize specialist Navibulgar has completed the purchase of a pair of Chinese-built handysize bulkers from Germany’s MarConsult. The 29,000…
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Europe
Hempel fires four staff in Germany for bribing ship managers
Danish coating supplier Hempel has revealed that German authorities are investigating alleged bribery performed by employees of Hempel Germany to ship…
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Europe
Volkswagen commits to Siem car carriers powered by LNG
Germany’s Volkswagen Group has opted for environmentally friendly transportation of its vehicles by committing to use two Siem Car Carriers…
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Europe
Seanergy confirms acquisition of capesize pair
Greece’s Seanergy Maritime Holdings has confirmed the purchase of two secondhand 180,000dwt capesizes for a price of $20.75m each. Earlier…
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Europe
Blohm+Voss acquired by Luerssen Group
German shipyard Blohm+Voss is being sold by UK-based Star Capital Partners, with family-owned Bremen shipyard group Luerssen the buyer. Luerssen…
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Europe
Zodiac in for bargain box pair
Maritime mammoth Zodiac Maritime has been linked to the purchase of two containerships sold on the cheap. The sale of…
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Asia
‘This could be heaven or this could be hell’: Bankruptcy paranoia roils the industry
Last week I posited in this regular Scuttlebutt column that it looked like we were entering peak bankruptcy season. This…
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Europe
MPC Capital sells eight boxships for $398m
MPC Maritime Investments, a subsidiary of MPC Capital, has arranged the sale of a portfolio of eight containerships for a…
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Europe
Deutsche Offshore Consult secures extension from Ocean Breeze Energy
Deutsche Offshore Consult (DOC) has secured a contract extension from Ocean Breeze Energy to manage vessels working at the Bard…
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Europe
Thorco and United Heavy Lift launch new joint venture
Thorco and United Heavy Lift are to combine their fleets to form Thorco Projects, a new company that aims to…
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Europe
Hansa Treuhand seeks court protection for 15 boxships
The Hamburg shipping community has reacted with shock and sadness that one of the city’s erstwhile maritime champions Hermann Ebel…
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Asia
Are we entering peak bankruptcy season?
Are we entering peak bankruptcy time now for shipping? I’d argue that the coming six to 12 months will see…
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Europe
German banks carrying a quarter of all shipping loans: Dagfinn Lunde
Splash’s finance columnist Dagfinn Lunde has told Reuters that German banks account for nearly one quarter of the world’s $400bn…
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Europe
Hammonia Reederei joins the rush to scrap 13-year-old boxships
Hamburg’s Hammonia Reederei has joined the rush to scrap exceptionally young boxships. Brokers tell Splash the German company sent the…
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Europe
20% of KG-funded boxships are insolvent
Nearly one in five containerships owned by KG funds in Germany are insolvent according to data released by research firm…
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Europe
Oldendorff in for four Chinese bulkers
Shipping power house Oldendorff, one of few German owners active in the secondhand market this year, is said to be…
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Europe
NSC Schifffahrtsgesellschaft sells four post-panamax bulk carriers
Germany’s NSC Schifffahrtsgesellschaft has sold four post-panamax bulk carriers to unnamed European buyers for a combined price of $41.1m, according…
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Contributions
Burnt German banks will not be back in strength in international ship finance
It is SMM time, with the shipping world descending on Hamburg for the huge event, which for me means it’s…
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Europe
United Heavy Lift adds deck carrier to its managed fleet
Hamburg-based United Heavy Lift is to manage a newly delivered heavy-lift module carrier for Indian logistics conglomerate JM Baxi Group.…
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