NordLB drops plans to sell shipping loans to KKR

German lender NordLB [NDLG.DE] has abandoned efforts to sell a 1.3 billion euro ($1.5 billion) portfolio of...

RBS sells $600 million of shipping loans, Orix among buyers: sources

Royal Bank of Scotland (RBS.L) has concluded agreements to sell at least $600 million worth of shipping loans from its portfolio as part of efforts to exit the sector, sources with direct knowledge of the deal told Reuters.

Shipping loans weigh down banks

Bad loans in the ship industry, which has been in distress for years, are weighing on Germanys banks, according to a Handelsblatt analysis of the balance sheets of large financial institutions.

NordLB to sell $1.5 bln worth of shipping loans to KKR, fund

German state-owned lender NordLB and KKR Credit said they had reached an agreement by which KKR Credit will acquire a $1.5 billion portfolio of shipping loans from NordLB jointly with an unspecified sovereign wealth fund.

RBS ‘looks to sell Turkish loans in latest bid to exit shipping’

Royal Bank of Scotland has put its portfolio of Turkish shipping loans up for sale, in the latest move by the state-backed bank to exit this troubled sector and cut overall losses through asset sales, two sources told Reuters.

Marenave's bankers look to fleet sale to repay loans

German shipowner Marenave Schiffahrts faces having to sell its entire fleet to repay its loans.Marenave which owns...

Export-Import Bank of China loans $1bn to Teekay

The Export-Import Bank of China (CEXIM) has granted Teekay Corporation $1bn in loans with which to finance the...