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Moody’s Downgrades Nord/LB Ratings

The ratings of the German shipping bank Norddeutsche Landesbank GZ (NORD/LB) and its subsidiary Deutsche Hypothekenbank (Actien-Gesellschaft) (Deutsche Hypo), including the banks’ long-term deposit ratings, have been downgraded to A3 from...

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E.R. Schiffahrt in Talks to Sell Three Bulkers

Hamburg-based ship management company E.R. Schiffahrt has initiated talks to sell three Capesize bulk carriers to Greek shipping company Seanergy Maritime Corp, according to data provided by VesselsValue. The company...

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