HSH Nordbank’s Shipping Provisions Reach USD 2.1 Bn

Germany’s shipping finance provider HSH Nordbank has reported high loan loss provisions as it set aside EUR 2 billion (USD 2.14 billion) for legacy shipping assets.

Bank Gives Rickmers Maritime Deadline for Revised Restructuring Plan

German HSH Nordbank has provided Singapore’s containership owner and operator Rickmers Maritime with a deadline- April 15, 2017 – to present a concept that ensures a “higher level of total recoveries” than under a winding-up scenario of the firm.

HSH Nordbank Rejects Rickmers’ Debt Restructuring Plan

German HSH Nordbank has dismissed the debt restructuring proposal of Singapore-based containership owner and operator Rickmers Maritime, the shipping firm’s trustee-manager Rickmers Trust Management (RTM) said in an update.

HSH Nordbank Provides Loan for Scorpio Tankers’ MRs

Monaco-based tanker owner Scorpio Tankers has received a commitment from Germany’s HSH Nordbank, one of the world’s biggest providers of shipping finance, for a loan facility to finance its two Medium Range (MR) product tankers.

HSH: Maersk Line to Operate Six of Hanjin’s Boxships

Six container ships of the bankrupt South Korean shipping company Hanjin Shipping Co. will now be operated by Danish shipping giant Maersk Line, according to Germany’s HSH Nordbank.