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Read all the latest news about HSH Nordbank. ShippingWatch gives you independent, credible, critical and fair news.

HSH Nordbank nearing a sale

CEO of HSH Nordbank, Stefan Ermisch, tells German media that the bank is close to a solution and that an equity fund would be the right buyer.

HSH Nordbank worried about Chinese-financed newbuild boom

Chinese leasing companies contribute to financing vessels which are not really needed, says HSH Nordbank's Global Head of Shipping, Christian Nieswandt, to ShippingWatch. Danske Bank and Danish Ship Finance have also noted a "different competition scenario."

HSH Chief: Rickmers is not the beginning of a new trend

Major German bank HSH Nordbank rejected a rescue attempt for Rickmers Group and thus extinguished all hopes for the company's survival. But this is not the beginning of a new trend in the treatment of carriers, HSH Chief Exec Stefan Ermisch tells German newspaper Handelsblatt.

New German company will sell banks' shipping loans

New company Elbe Financial Solutions will help banks sell their shipping loans to interested investors. The company is a joint venture between asset manager Ernst Russ and investment group Ecofin Financial Solutions.

Media: New buyer in the running for HSH

A new buyer has entered the field as potential buyer of HSH Nordbank, according to the German business media Handelsblatt. The bank has been put up for sale after years of poor results, in particular due to its shipping investments.

German shipping banks have outplayed their global lead

After yet another year of huge losses in shipping for German banks, two former bank executives tell ShippingWatch that they believe the previously dominant German sector in the shipping industry will play a marginal role going forward.

HSH sets deadline for Rickmers Maritime

Rickmers Maritime will have to present HSH Nordbank, the company's biggest lender, with a new restructuring proposal by April 15 at the latest, says the company.

HSH Nordbank in balancing act following Hamburg Süd sale

One of the world's largest shipping banks, struggling HSH Nordbank, projects that several German carriers, and thus the bank's customers, could be hit by Maersk Line's acquisition of Hamburg Süd, the bank's Head of Global Shipping, Christian Nieswandt, tells ShippingWatch.

HSH Nordbank has scaled down container exposure

HSH Nordbank has reorganized its shipping portfolio and has thus significantly reduced its exposure to the container segment. Christian Nieswandt, global head of shipping, tells ShippingWatch about the future prioritization for the billions of euros the bank has invested in shipping.

Shipping crisis weighs down Commerzbank again

Even though Commerzbank has been working for years to reduce its shipping portfolio, the sector hit the bank hard again in 2016, resulting in considerable loss provisions, shows the bank's annual report.

Media: HSH drops efforts to sell shipping loans

HSH Nordbank's shipping loans will go on sale in a later divestment round, after the bank failed to get rid of the loans in an initial firesale of its non-performing loan portfolio. There is little appetite for shipping out there, says a source to Reuters.

Citigroup kicks off sale of HSH Nordbank

The efforts to find a buyer for German shipping bank HSH Nordbank are now officially underway, states Citigroup, which is handling the sale, in a statement Monday.

HSH Nordbank optimistic about finding a buyer

Major German shipping bank HSH Nordbank is optimistic about the prospects of finding a potential buyer for the bank, which will begin a privatization process this year with a deadline in February 2018.

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