German shipping bank HSH Nordbank is preparing several major divestments in an effort to rid itself of the debt resulting from the bank's shipping portfolio, HSH Nordbank's Head of Domestic Shipping tells ShippingWatch.
DNB remains challenged by loans to the shipping industry, though the bank predicts improvements in 2014 and 2015. But many new ships in both dry bulk and tanker could disrupt a potential rebound, says the bank.
The Maersk Group's salvage and rescue division Svitzer has just landed three contracts that combined match the Wheatstone-deal, one of Svitzer's biggest contracts in years, CEO Robert Uggla tells ShippingWatch.
Oaktree Capital acquires the dry bulk fleet of Excel Maritime through Star Bulk Carriers. Excel Maritime was until recently controlled by Greek Gabriel Panayotides, who has in the past acted as majority shareholder in carriers such as Torm.
Australian mining giant Fortescue has published its annual report for the fiscal year 2013/14, where the company's mining and shipping activities reached record-highs. The order for a total of eight VLOCs has now been confirmed.