Germany
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Americas
International Shipholding Corporation offloads two
Brokers report that the US outfit International Shipholding Corporation (ISC) fetched $10.4m each for two 35,000 dwt handysize bulkers, and EGS…
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Europe
Deutsche Bank goes shopping for non-performing loans in Italy
Deutsche Bank is emerging as an aggressive buyer of non-performing shipping loans in the Italian market. Sources tell Splash that…
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Europe
Conti in for Hantong product trio
China’s Jiangsu Hantong Ship Heavy Industry has won an order to build three 74,000 dwt LR1 tankers with Conti of…
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Europe
Beluga founder set for January trial accused of $100m fraud
German shipping is set for a massive court case in January with the founder of heavylift operator Beluga set for…
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Containers
Hapag-Lloyd IPO closes without fireworks
After several months of tweaks and setbacks, Hapag-Lloyd’s initial public offering launched on the Frankfurt and Hamburg stock exchanges today…
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Europe
German multipurpose ship runs aground in the Dardanelles
Multipurpose ship , owned by Germany’s Briese Schiffahrts, has ran aground on the coast at Dalyan Burnu, Turkey, in the…
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Europe
BBC Chartering: Heavylift challenges and opportunities
Leer: In the summer of 2014 the ceo of BBC Chartering, Svend Andersen, stated that shipping remained a low return,…
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Containers
Hapag-Lloyd’s IPO to raise €300m
Hamburg-based containerline Hapag-Lloyd officially priced its Friday Frankfurt IPO yesterday at EUR20 ($21.91), very much at the lower end of…
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Europe
Besiktas sells chemical tanker for $16.3m
Turkey’s Besiktas Shipping Group has offloaded one of its oldest chemical tankers, the 18,000 dwt Ice 1A classed , built…
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Containers
Nordic Hamburg orders four feeder boxships at Huatai Heavy Industry
German owner Nordic Hamburg has signed shipbuilding contracts with Nantong-based Huatai Heavy Industry for the construction of four 1,400teu dual-fuel…
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Containers
Conmar and Contships plan small boxline cooperation
Germany’s Conmar Shipping KG and Athens-based Contships Management have agreed to cooperate in developing commercial and technical synergies. The partnership…
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Containers
Hapag-Lloyd lowers IPO price range in response to ‘market volatility’
Hapag-Lloyd has lowered the price range of its initial public offering (IPO) on the Frankfurt and Hamburg stock exchanges from…
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Containers
Hapag-Lloyd extends IPO deadline by a week
The offer period for Hapag-Lloyd’s initial public offering (IPO) has been extended by a week to November 3, the company said…
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Europe
HSH Nordbank gets €3bn cash guarantee approved by European Commission
Germany’s HSH Nordbank has received approval from German authorities to receive a €3bn guarantee increase as part of the European…
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Containers
From $500m to $300m: Hapag-Lloyd cuts IPO expectations amid choppy conditions
German containerline Hapag-Lloyd yesterday slashed its IPO forecast by 40%, saying it was now looking to generate $300m from the…
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Europe
Yuletide spirit set to reinvigorate projects market
The project shipping market has cooled off in the last couple of months, but should pick up before Christmas, a…
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Containers
Hapag-Lloyd continuing with IPO plans despite uncertain market conditions
Despite choppy investor sentiment at present and dire rates on many container tradelanes, German boxline Hapag-Lloyd is sticking to its…
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Dry Cargo
German supramax pool formed
When bad times arrive in shipping pooling becomes fashionable. The latest in the dry bulk sector has just been announced…
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Containers
Hapag-Lloyd confirms plans for $500m IPO
Hapag-Lloyd expects to raise $500m (€447m) in its initial public offering (IPO) and has confirmed it will list its shares on…
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Containers
Harren & Partner in for up to eight boxships
Germany’s Harren & Partner has emerged as the line behind an order for eight 1,400 teu ships at China’s Taizhou…
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