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Banking on the Future
It’s starting as a trickle, but banks are again developing the comfort level to close new deals and owners are becoming accustomed to the necessary changes in pricing, terms and covenants. HSH Nordbank, our 2007 winner for Greatest Contribution to Ship Finance, has since the fall been fielding accusations that it had stopped its ship lending. Countering such concerns, HSH announced this week two loans it has closed for Greek shipping companies, both of which were arranged in 2008 – and so are not unfinished business from before the credit crunch.
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Tags: · Akin Gump Strauss Hauer & Feld, Bear Stearns, BP Shipping, Capital Maritime & Trading Corp., Capital Product Partners, Danske Bank, Evangelos Marinakis, Fortis Securities, Golar LNG, HSH Nordbank, Lloyds TSB Bank, Primera Maritime (Hellas) Ltd, Prisco, Scott Burk, Shell International Trading & Shipping, Tufton Oceanic
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