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Hci Capital News

25 Jun 2016

HCI Capital Renamed Ernst Russ AG

A vote was passed at the ordinary shareholders’ meeting of HCI Capital AG yesterday to change the company’s name to Ernst Russ AG. The Executive Board and Supervisory Board put the proposal to the shareholders’ meeting as one element of the corporate strategy to strengthen the maritime services segment and position the company as an asset and investment manager with a maritime focus. The future business model, in which the Group offers its services as a one-stop shop covering the entire value chain, was presented to the shareholders at the general meeting. The Group is no longer solely dependent on its previous business model of raising and managing funds.

21 May 2016

HCI Group Takes Over 13 Feeder Containerships

The HCI Group and two other investors have taken over a total of thirteen ships from the loan portfolio of HSH Nordbank. The HCI Group structured the portfolio acquisition and is investing a substantial amount itself. The portfolio consists of thirteen feeder ships of between 800 and 1,800 TEU, with an average age of nearly ten years. Deutsche Bank AG will be refinancing part of the portfolio. The parties have agreed not to disclose the purchase price for the vessels. In its role as general manager, the HCI Group has outsourced technical ship management to three providers within the north-German maritime cluster. Commercial ship management will be coordinated by the HCI Group and carried out by experienced partners.

23 Apr 2016

HCI Capital Acquires Ernst Russ GmbH

HCI Capital AG acquires the long-established Hamburg shipping company Ernst Russ GmbH & Co. KG. The HCI Group, which early in 2016 already the majority of the shares of König & Cie. Group had taken, thus expanding again the controlled fleet and strengthen its maritime services division. This HCI consistently pursued the strategic positioning as an asset and investment manager with a maritime focus. The Ernst Russ GmbH & Co. KG is one of the oldest, internationally known Hamburg shipping companies and has existed since 1893. They bereedert a fleet of seven container and four RoRo ships and has different interests. These include the Combi Trade GmbH, an international shipyard mediation, and participation in the chartering broker Ernst Russ Shipbroker GmbH & Co. KG.

30 Dec 2011

GL Names New SVP Global Sales

Mr von Oldershausen (right) with GL COO Torsten Schramm

Germanischer Lloyd (GL) has appointed Mr Christian Freiherr von Oldershausen to the newly created position of Senior Vice President Global Sales. In his new position, Mr von Oldershausen will be responsible for enhancing global sales, working closely together with GL’s regional and area management. The appointment of Mr von Oldershausen reflects GL’s ambition to further sharpen its customer focus and continue to expand its global activities. Mr von Oldershausen will be based in GL’s Head Office in Hamburg and begins in his new role on 1 January 2012.

01 Jun 2011

Northrop Grumman Maintenance Contract, Peter Döhle Ships

Northrop Grumman Corporation’s (NYSE: NOC) Sperry Marine business unit has been awarded a one-year contract by Peter Döhle Schiffahrts-KG (PDS-KG) and HAMMONIA Reederei (a joint venture between PDS-KG, HCI Capital AG and GE Transportation Finance, Inc.) to provide worldwide service and maintenance for more than 135 ships. Under the contract, Northrop Grumman Sperry Marine will be responsible for all shipboard service, support and maintenance of the ships’ navigation and communication equipment, including repairs, spares management and required annual inspections and certifications.

07 Jul 2010

Hellespont Strengthens German Base

Phrixos Papachristidis

The Hellespont Group strengthened its global base in Hamburg, Germany, by buying out the two minority partners in its Hamburg-based shipmanagement company and reshaping its corporate organization. The 25 percent each minority interests held by HCI Capital AG and Peter Doehle Schiffahrts KG in Hellespont Hammonia GmbH & Co KG have been bought out. Hellespont Hammonia has been renamed Hellespont Ship Management GmbH & Co KG, and is now a wholly-owned subsidiary of the Hellespont group parent company, which has been renamed Hellespont Deutschland GmbH.

23 Feb 2010

World Finance Shipping Awards 2010

Over the last two years, credit markets have experienced contraction, deleveraging and reduced liquidity, and governments have taken highly significant measures in response to such events. The U.S. Securities and Exchange Commission and other regulators are authorized to take extraordinary actions in the event of market emergencies, and may affect changes in law or interpretations of existing laws. Shipping Finance has evolved with commercial market trends. Today, in response to asset value reduction, the sector requires bullish resilience - assessing the market outlook, exploring the latest capital raising methods and evaluating the emerging business models.

02 Nov 2007

Hellespont Names New Panamax Tankers

Hellespont has officially named the last two of six panamax tankers constructed for the company at the New Century Shipbuilding Co Ltd in Jingjiang, China. The product carrier Hellespont Providence was named by Mrs. Daphne Papachristidis-Bove, wife of Alexander Papachristidis-Bove, President of Seatramp Tankers Inc. The Hellespont Protector, meanwhile, was named by Mrs. Andrea Meyer, wife of Kai-Kristian Meyer, Managing Director of HCI Capital, organizers of the financing of the vessels. Both vessels will begin long-term charters with The Sanko Steamship Co. Ltd. of Japan on delivery later this year. Hellespont operates four further panamax product carriers, one aframax tanker and four suezmax tankers. There will be a fifth suezmax tanker under operation shortly.

16 Aug 2006

Second in Hellespont Product Series Named

The second in the series of six panamax product carriers under construction for Hellespont Hammonia was named at New Century Shipbuilding Co Ltd (NCS) in Jingjiang, China. Hellespont Progress follows the first in the series, Hellespont Pride, named in July. The sponsor of the Hellespont Progress was M Matsui, wife of the President and CEO of The Sanko Steamship Co. Ltd, Tokyo, Japan, charterers of the vessel. The ceremony was attended by representatives of HCI Capital AG and their placement partners EFC AG, the lending bank Hypovereinsbank, Hamburg shipowner Peter Doehle Schiffahrts-KG, and the classification society, ABS. The 73,400 dwt Hellespont Progress is 750 ft. (228.6 m) and is 38,000 grt on a scantling draft of 46.9 ft.