Germany
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Europe
Berenberg and private equity start $500m shipping fund
Germany’s oldest bank Joh. Berenberg Gossler & Co has created a $500m fund with an unnamed private-equity investor to jointly…
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Containers
Marenave Schiffahrts must start repaying ship loans again
Eight of Marenave Schiffahrts’ single-ship companies must begin making repayments to their banks, following the expiry of a six-month extension…
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Europe
HSH Nordbank offloads non-performing shipping loans
HSH Nordbank has announced that it has transferred a portfolio of non-performing loans from its ship finance portfolio totalling EUR5bn…
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Containers
UASC shareholders approve merger with Hapag-Lloyd
United Arab Shipping Company (UASC) has announced that its six shareholding states has approved a merger deal with German container…
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Containers
Hapag-Lloyd and UASC agree a merger
Container lines Hapag-Lloyd and United Arab Shipping Company (UASC) have agreed on the terms of a merger. All shares would…
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Europe
HCI Capital becomes Ernst Russ
HCI Capital has decided to change its name to Ernst Russ AG to reflect a shift in the company’s focus.…
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Americas
Eagle Bulk Shipping has landed in Hamburg
Eagle Bulk Shipping has announced that it will be expanding its global commercial presence with the establishment of a new…
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Dry Cargo
Riva family does SNUG deal with Oldendorff
Italy’s Riva family has sold off its shipping arm Società Navali Unite Genova (SNUG) to German company Oldendorff Carriers. Sources…
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Containers
Shippers worried about carrier ‘uncertainty’
Shippers have stopped celebrating the lowest freight rates in living memory and now concerned about the uncertain state of container…
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Europe
Lloyd Fonds gears up with new appointment
German shipping investor Lloyd Fonds has appointed former Commerzbank high flier Klaus Pinter as head of its shipping activities. “Over…
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Containers
Marenave might be forced to sell off its fleet
Marenave Schiffahrts has warned its shareholders it might have to sell its fleet of 13 ships as creditors demand it…
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Containers
Wenchong Shipyard picks up cancelled Yangzhou Guoyu orders
CSSC-affiliated Guangzhou Wenchong Shipyard has signed a letter of intent with German owner Nordic Hamburg for the construction of four…
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Containers
UASC delays vote on Hapag-Lloyd merger
United Arab Shipping Company (UASC) has delayed a shareholder vote on the proposed merger with German shipping line Hapag-Lloyd. UASC said…
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Europe
Rickmers-Linie takes over Nordana’s project business
Project shipping consolidation continues with news Hamburg’s Rickmers-Linie is taking over the activities of tramp and chartering specialist Nordana Project…
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Europe
Konig abdicates four Kings
Brokers report that four ships owned by Germany’s Konig & Cie, and managed by Mercator Navigation, have just been offloaded.…
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Containers
Hapag-Lloyd delays AGM due to UASC merger discussions
German shipping line Hapag-Lloyd has decided to postpone its annual general meeting (AGM) scheduled for June 1, 2016 due to…
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Containers
Hapag-Lloyd and UASC merger likely complete by August
The Wall Street Journal has reported the proposed merger between Hapag-Lloyd and United Arab Shipping Co (UASC) is likely to…
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Europe
NordLB vows to slash shipping exposure as it logs losses
Shipping is hitting NordLB, the German Landesbank, hard. It has warned on profits after setting aside an extra €435m to…
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Containers
UASC seeks approval for possible ‘business combination’ with Hapag-Lloyd
Shareholders in United Arab Shipping Company (UASC) will vote soon to approve a “business combination” agreement with Germany-based container line Hapag-Lloyd. The…
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Asia
‘Too many cooks’: Drewry’s verdict on THE Alliance
Shipping consultant Drewry has echoed comments made by other analysts on the potentially unwieldy nature of containershipping’s new grouping, THE…
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