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Hamburg Commercial Bank refinances seven vessels for Hamburg Bulk Carriers

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Dry Bulk,

Hamburg Commercial Bank (HCOB) has provided Hamburg Bulk Carriers, a shipping company based in Hamburg and Singapore, with US$95 million to refinance a total of seven vessels.

The handymax bulkers are between four and seven years old and have a capacity of approximately 43 500 DWT each. The financing has a term of five years. The deal, which was concluded in Singapore, was brokered by Transport Capital, a partner of Hamburg Commercial Bank that specialises in asset brokerage, among other things.

“We are pleased to have acquired Hamburg Bulk Carriers as a new client with a presence in both Hamburg and Singapore. After all, the Asian region is an important hub for the entire shipping industry as well as for us as financiers,” said Jan-Philipp Rohr, Global Head of Shipping at Hamburg Commercial Bank. “Our cooperation with Transport Capital as financial intermediary, which we started last year, is bearing fruit in this deal.”

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