Hamburg Commercial Bank refinances seven ships for Hamburg Bulk Carriers

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

Handymax bulk carriers are between four and seven years old and have a capacity of approximately 43,500 DWT each. The funding is for five years. The transaction, which was concluded in Singapore, was brokered by Transport Capital, a partner of the Hamburg Commercial Bank specializing, among other things, in asset brokerage.

“We are delighted to have acquired Hamburg Bulk Carriers as a new customer 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 a financial intermediary, which we started last year, is bearing fruit in this operation.”

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