German shipping bank cuts USD 551 million from loans

The merger of three German shipping businesses will likely be just one of a long line of rescue efforts in 2014, headed by HSH Nordbank, among others.

BY OLE ANDERSEN

German HSH Nordbank, one of the world's biggest lenders to the shipping industry, has merged the three German companies Ahrenkiel, MPC, and Thien & Heyenga to cut a major part of its total commitment to struggling German shipping businesses.

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Shipping pushes HSH toward more state aid
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German shipping bank cuts USD 551 million from loans

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Shipping pushes HSH toward more state aid

HSH Nordbank eyes continuing weak shipping climate

HSH Nordbank preparing to sell shipping loans

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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

MSC chosen as strategic partner for ailing Spanish rail freight company

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

Royal Arctic Line's chief executive steps down

Jobs