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

Shipping bank loans at lowest level in a decade

Total loans from the major shipping banks declined by USD 42.5 billion in 2016 and the banks' shipping loans are now at their lowest level since 2007, shows a report from Greek analyst firm Petrofin Research.

Shipping will face significant capital shortage

A new study by law firm Norton Rose Fulbright indicates an increasing shortage of capital in shipping in the years to come, while lenders are becoming more aggressive in their efforts to recover funds.

Maritime & Merchant in talks to enter new markets

Six months after the launch of Maritime & Merchant, the Norwegian shipping bank is now in talks with carriers and investors beyond its home market, CEO Halvor Sveen tells ShippingWatch. Small and medium-sized carriers in particular are showing interest.

MPC Capital is now buying container ships

German asset manager MPC Capital has now tapped into USD 100 million the company raised back in April. MPC has purchased seven container ships, while another six are headed for delivery. Hamburg Süd's CEO will join the board of directors at MPC Container Ship.

Lloyd Fonds: Endgame underway for shipping in Hamburg

There are no real values of note in the German shipping sector right now, according to Lloyd Fonds. The company is scaling down its investments in the segment and would prefer to be on the sideline of what CEO Torsten Teichert describes as the endgame in Hamburg.

DVB doubles loss provisions for shipping and offshore

German-owned transport bank DVB Bank Group (DVB) has increased its credit allowances for losses on shipping and offshore significantly in the first three months of the year due to the continuing challenges in the two markets.

Professor: New bank regulations could thwart ship financing

It will become extremely difficult for carriers to get financing from banks going forward, and even if they manage to do so, the price will be towering, Eddy Van de Voorde, professor of maritime economy, tells ShippingWatch ahead of a proposal for new bank regulations.

Singapore wants more investors to enter the field

Despite its indisputable role as the world's shipping center, financing for maritime companies has been lagging behind in Singapore, and the country will now work to bring carriers and investors closer together. The understanding of shipping as an investment represents one of the challenges.

These are the new lenders in shipping

Since the turn of the year alone, numerous new financing opportunities have emerged for the shipping companies as alternatives to the traditional shipping banks. ShippingWatch provides an overview below.

Pension fund: New maritime venture just the first of several

The new maritime investment fund, boasting more than USD 300 million in capital, will most likely be followed by more similar funds, CEO of pension fund PensionDanmark, Torben Möger Pedersen, tells ShippingWatch in a talk about the fund's interest in shipping right now.

Danish pension funds invest USD 300 million in shipping

Pension funds PensionDanmark and Danica and investment firm Navigare Capital Partners will place USD 300 million in a new fund that will invest in ships. The fund will be headed by Henrik Ramskov, formerly of Maersk Broker. Additional maritime funds are in store.

Rickmers Maritime working on new restructuring proposal

Rickmers Maritime has received word from HSH Nordbank that the bank may be willing to forgive debt if noteholders agree to a similar move. This development means that Rickmers Maritime is now putting together a new restructuring proposal.

Shipping investors will fill the gap left by the banks

A series of renowned shipping names, including Blystad Group, are behind the new company Maritime Asset Partners, which will offer alternative financing to shipping companies. USD 150 million are ready to be invested. "We can raise more money according to our needs," head of the company Nick Roos tells ShippingWatch.

Inside the shipping community’s most discreet company

Maritime companies face plenty of risks when they enter into a deal with a counterparty with whom they are not familiar, or whom they thought they could trust. Although a highly discreet company, InfoSpectrum Ltd grants ShippingWatch a glimpse of the most severe pitfalls.

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.

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