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

HSH Nordbank CEO: New owners mark a new era

HSH Nordbank's new owners were announced Wednesday this week. The bank's CEO, Stefan Ermisch, describes the privatization as the beginning of a new era. "This will open up new possibilities for us to compete in the market without the current EU restrictions."

Media: HSH Nordbank close to deal with new owners

German shipping bank HSH Nordbank has allegedly sealed a deal with two US-based equity funds, report German media. According to Wall Street Journal, the funds will buy the bank at a much higher price than originally assumed.

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.

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