Latest news from Heavy Lift & Project Forwarding International Magazine

HSH meets potential buyers

November 28 - Reports on the Reuters website, suggest that German bank HSH Nordbank has been meeting with potential buyers in London ahead of its planned privatisation next year.

The news agency reported that according to sources close to the situation HSH was holding meetings with various banks and investment houses.

HSH's owners are required to privatise the bank by the end of February 2018.

In June of this year, HSH transferred a portfolio of non-performing loans from ship financing with a volume of EUR5 billion (USD5.3 billion) to hsh portfolio-management AöR.

As reported by HLPFI last week, another German bank - Nord/LB - revealed a further decline in results and indicated that its full-year losses would surpass an eye-watering EUR1 billion (USD1.05 billion).

The bank placed the blame for this increase in losses down to another rise in the costs of risks within its shipping loan book, particularly that managed by its Bremer Landesbank subsidiary, which is being fully integrated into Nord/LB.


 

www.hsh-nordbank.com

 

www.nordlb.com

Heavy Lift | News

Crowley realigns activities thumbnail image

Crowley realigns activities

May 17 - Crowley Maritime Corporation has realigned its shipping and solutions business units in a bid to enhance its focus on non-asset based customer solutions.
Views: 394
Bob Felix joins UTC thumbnail image

Bob Felix joins UTC

May 17 - UTC Overseas has appointed Bob Felix to its rail logistics team as director of specialised projects.
Views: 606
Qube in LCR takeover thumbnail image

Qube in LCR takeover

May 17 - Australia-based Qube Holdings has acquired industrial logistics service provider LCR Group in a deal valued at AUD135 million (USD93.2 million).
Views: 424

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.