Bank NordLB sells shipping loans for USD 1.5 bln

German shipping bank NordLB will sell a portfolio of shipping loans worth USD 1.5 billion to US-based equity fund KKR Credit along with an unnamed investment fund.

by DANIEL LOGAN

US-based equity fund KKR Credit along with another unnamed investment fund will acquire loans in more than 100 vessels from Germany's second-largest shipping bank, NordLB.

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NordLB logs loss after new shipping impairments
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Media: Major shipping banks to face scrutiny
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Bank NordLB sells shipping loans for USD 1.5 bln

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NordLB logs loss after new shipping impairments

Media: Major shipping banks to face scrutiny

NordLB will reduce loans to shipping by one third

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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