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Commerzbank pulls out of shipping finance
Now the bank has reversed its decision to incorporate Eurohypo's core activities into a “real estate and ship finance” division. “The new segment . . . will not be launched,” said Commerzbank, which will instead push its ship and commercial property ...
US enlists Britain's help to stop ship 'carrying Russian attack helicopters ...
The MV Alaed, a Russian-operated cargo vessel, is currently thought to be sailing through the North Sea after allegedly picking up a consignment of munitions and MI25 helicopters - known as "flying tanks" - from the Russian Baltic port of Kaliningrad.
Financial Crisis Hits B+H Ocean Carriers, Tanker Owner Files for Ch. 11 Protection
(Dow Jones) Tanker owner and operator B+H Ocean Carriers Ltd. (BHODD) filed for Chapter 11 bankruptcy Wednesday to restructure its balance sheet as it tries to weather the challenges facing the global shipping industry. The Bermuda company, weighed ...
Cyprus requests eurozone bailout
“The purpose of the required assistance is to contain the risks to the Cypriot economy, notably those arising from the negative spillover effects through its financial sector, due to its large exposure in the Greek economy,” the government said in a ...
Cyprus becomes fifth eurozone country to apply for Brussels bailout as ...  Daily Mail
Working in East Asia: Region reduces its reliance on expatriates
In Asia, until a few years ago, expatriate recruitment in financial services and beyond was soaring. The biggest problem for places such as Singapore was increasing the number of places in international schools fast enough to meet the demand for the ...
The Russian oligarch in Britain and ship 'taking arms' to Syria
“It bears repeating that UCL Holding acts in strict compliance with the Russian and international law, including waterborne cargo transportation regulations.
Citigroup buys shipping loan book from SocGen
For Citigroup, the shipping business fits with its strong position in trade finance. But it comes when the bank does not have much capital to deploy: it was prevented from returning capital to shareholders after a Federal Reserve stress test earlier ...
A fragile truce
On the busy routes from Asia to northern Europe the three super-alliances, plus Denmark's Maersk Line, the industry's alpha male, together have a market share of about 93%, according to Containerisation International magazine, an authority on shifting ...
The melting north
Unlike Antarctica, which is governed by an international treaty, most of it is demarcated. Of half a ... What is good for Russia may be bad for Egypt, which last year earned over $5 billion in revenues from the Suez Canal, an alternative east-west ...
Buyer beware of $10 million discounts on Nigerian oil
But the documents are suspiciously flawed, suggesting the financial scams for which Nigeria, Africa's most populous nation, is notorious have spread to its oil sector.