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HSH Nordbank pumps fresh capital into shipping

HSH Nordbank 4.jpg Services:

The ECB stress test will have zero impact on HSH Nordbank's exposure to shipping. As one of the world's largest shipping banks HSH expects new business worth more than EUR one billion this year alone, the bank tells ShippingWatch.

Oil company in dramatic showdown in fraud case

Services:

A Danish oil company and several key individuals – protected by a name ban – have been preliminary charged with serious fraud after a customer claimed to have discovered systematic delivery fraud.

World's largest shipping banks pass stress test

Services:

All the German state-owned shipping banks passed the European Central Bank's stress test, and though the banks will now have to perform additional impairments, they will not be forced to raise new capital.

Univan: We will manage 130 ships by 2015

Services:

Ship management looks set to face a very good year. Hong Kong-based Univan expects growth rates of 15-20 percent, says CEO Bjørn Højgaard in an interview with ShippingWatch.

Secret million-dollar settlement in fraud case

Services:

Asian company withdrew charges of systematic fraud against Danish billion-dollar company – but only after receiving a generous compensation.

Seafreight drives growth in historically strong DSV quarter

Services:

Air & Sea is still the top performing division at logistics group DSV, which achieved a result of USD 111.7 million before taxes in the 3rd quarter. Seafreight exceeds the market with 8 percent growth.

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HSH Nordbank pumps fresh capital into shipping

HSH Nordbank 4.jpg Services:

The ECB stress test will have zero impact on HSH Nordbank's exposure to shipping. As one of the world's largest shipping banks HSH expects new business worth more than EUR one billion this year alone, the bank tells ShippingWatch.

DNB Markets slaps a warning sign on the VLGCs

Tanker:

DNB Markets warns of a massive fleet growth in the segment for major VLGCs. "Investors should start positioning earlier," says the bank in a new analysis.

German shipowner in ambitious Chinese collaboration

Bulk:

E.R. Schiffahrt is joining forces with Chinese shipping and logistics group Sinotrans in a collaboration aimed at the companies' dry bulk activities.

Shortage of drivers hits container carriers in the US

Container:

Maersk Line, Hapag-Lloyd and several other container carriers report massive congestion and long waiting times due to a shortage of truck drivers in the two biggest ports on the US West Coast.

Dong Energy increases 2014 full-year forecast

Offshore:

In the first nine months of the year Dong Energy divested assets for a total USD 1.36 billion, according the interim report, published Friday. Now the company increases its expectations.

Transatlantic leaves deficit behind in tough market

Carriers:

Swedish Transatlantic, including Viking Supply Ships, has been struggling with a deficit in the first half of the year, but now the company can present a positive result on the bottom line - though the full year will remain in the red.


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