HSH Nordbank finally sold and renamed Hamburg Commercial Bank

Tier 1 bondholders have begun a class action in the District Court of Kiel

The governments of the German länder of Hamburg and Schleswig-Holstein signed the agreement for the sale of their combined 94.9% stake in the troubled landesbank HSH Nordbank, just before a deadline of 28th February for privatisation of the bank set by the European Commission expired

Rickmers Maritime Trust has begun a process to wind up, following the failure of debt restructuring talks

HSH Nordbank has given Rickmers Maritime Trust until 15th April to come up with a revised restructuring plan. Meanwhile, the bank is soliciting Chinese investment

HSH Nordbank is to charter nine 13,100 TEU capacity neo-panamax containerships, formerly operated by the bankrupt Hanjin Shipping Group, to 2M alliance partners Maersk Line and Mediterranean Shipping Co (MSC).

Swedish ferry operator Stena RoRo AB has purchased a number of RoPax ferries from HSH Nordbank Hamburg/Kiel, which is reducing its investments in ship financing