Two Chinese banks, namely the Bank of China and Industrial and the Commercial Bank of China (ICBC), are interested in acquiring DVB Bank, according to Reuters.
DZ Bank, the parent company of aviation and shipping financial lending firm DVB Bank, is clearing debt due to bad loans in shipping.
Officials at DZ Bank, DVB Bank, Bank of China and ICBC have declined comment to Reuters.
"There is interest from ICBC and Bank of China and this shows the Chinese are still looking for assets in Germany," said an unnamed source.
"It’s unclear if they will take it to the later stages, but they are looking at it."
The report also noted asset managers Carlyle Group and Apollo Global Management being interested in DVB.
Spokesmen for both parties declined to comment.
Published: 13 February, 2018
27-meter towboat “Hydrogen One” will travel with a load for about four days at the speed of 6 miles per hour, covering approximately 550 miles before the need to refuel.
EFMS combines digital technologies including mass flow meters, tank gauging sensors, on-board software, communication devices and cloud computing in one single solution.
Singapore-based bunker fuel testing labs will be given a three-year transition timeline from late 2017 to adopt ISO/IEC 17025: 2017, Senior Consultant of SoftJade tells
Vessel is a 2010-built LR2 Aframax oil product tanker, formerly known as “Alpine Amalia”, of 105,304 dwt that the company entered into an agreement to purchase in August 2022.
Singapore’s bunker market remains tight amid persistent barge loading delays, while prompt availability has improved in Fujairah this week.
Collaboration will bring in much needed market innovation and newer technologies to Indian vessels, says minister.
Transferred shares of 40 subsidiaries to BVI firm after tribunal awarded claims in favour of Trinity Seatrading; YSPL has also filed a civil complaint against DNV and Liberian ship registry at Nanjing Maritime Court.
ADNOC L&S, Gulf Energy Maritime, Cockett Marine Oil, Mideast/Bahri Ship Management and VPS experts present their views on biofuel bunker hurdles at the VPS Biofuels Seminar in Dubai on 16 March.
‘Bunker barges operate in very local areas so these vessels call at port very often which means it will be a good fit for women with families,’ states Elpi Petraki, President of WISTA International.
“Our Singapore branch is under preparation and is expected to start business at the republic before June 2023,” Managing Director Darcy Wong tells bunkering publication Manifold Times in an interview.
Development to supply B35 biodiesel blend officially takes effect on 1 February; local bunker suppliers will be able to deliver updated spec within March onwards, once current stocks of B30 avails run out.
VPS, Global Centre for Maritime Decarbonisation, Wilhelmsen Ship Management, and INTERTANKO executives offered a multitude of perspectives to 73 attendees during the VPS Biofuels Seminar, reports Manifold Times.
