European banks axe shipping loans

While the Nordic banks seem to maintain their commitment to shipping loans, a series of European banks are getting serious about trimming their exposure to shipping.

BY KATRINE GRØNVALD RAUN

Unlike the Nordic shipping banks, several European banks have started trimming the high-risk shipping loans in their portfolios. Most recently, British bank Lloyds Group has allegedly sold loans from its shipping portfolio at around USD 500 million, says Bloomberg, referring to several sources with knowledge of the industry.

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European banks axe shipping loans

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Nordea: Shipping moving in the right direction

Deutsche Bank: Eco-designs will cut ship values in half

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Front page now

Royal Arctic Line's chief executive steps down

Seven Seas: Customers' green ambitions and actions don't align

Venture fund in Singapore wants increased business focus from start-ups

German bank to broker CO2 allowances to shipping customers

MSC chosen as strategic partner for ailing Spanish rail freight company

Grieg and Peak Group venture orders up to eight new vessels

First US bunkering terminal for LNG is on its way

Russian oil is trading closer to USD 100 than the G-7 price cap

Oil supermajor Saudi Aramco enters LNG

Norway increases support for developing countries' green shipping transition

Oil steady after technical resistance stalled blistering rally

It's time for DHL's new global head of ocean freight to prove he can be number one

Further reading

Media: Sale of DB Schenker enters next phase

It's time for DHL's new global head of ocean freight to prove he can be number one

German logistics company wants to grow 250 percent by 2030

Seven Seas: Customers' green ambitions and actions don't align

DSV's strategy could block acquisition of DB Schencker

German bank to broker CO2 allowances to shipping customers

Jobs