Campbell Transportation Appoints Buese EVP
Campbell Transportation Company, Inc. said that Kyle Buese will be joining the company as Executive Vice President of Operations effective January 7, 2019.Buese is a graduate of Tulane University where he received his Master of Business Administration degree and a graduate of Loyola University of New Orleans where he received his Bachelor of Business Degree. Buese is also an active CFA charterholder.Buese has worked at Kirby Corporation since 2006 where he has served in several key roles including General Manager, River Vessel Operations; General Manager, Vessel Operations; and Regional General Manager, Marine Systems Inc. In addition to Buese’s various roles within Kirby Corporation…
WFW Advises Berenberg on Shipping Loan
International law firm Watson Farley & Williams (WFW) has advised private bank Berenberg on its acquisition, jointly with a Japanese financial institution, of a circa US$460m performing shipping loan portfolio from the Royal Bank of Scotland (RBS). WFW previously advised Berenberg on the acquisition of a similar US$300m portfolio from RBS in February 2017. Hamburg-based international investment and private bank Berenberg was founded in 1590 and is the world’s oldest merchant bank and the world’s second oldest bank overall. It is especially active in pan-European equity research, brokerage and capital markets transactions, in addition to private banking for wealthy customers and institutional asset management.
Maritime & Merchant AS Granted Banking License
Maritime & Merchant AS (M&M) (TBR Maritime & Merchant Bank ASA) has received regulatory approval to operate a private bank in Norway, underpinning the firm’s strategy to become a niche financial institution dedicated to meeting the funding needs of owners active in the shipping and offshore industries, worldwide. “We are currently preparing for a capital issue with a target of $300-350 million (USD) in equity to fund operations. We have selected Pareto Securities AS and DNB Markets as Joint Lead Managers and Bookrunners, with Cleaves Securities to act as Financial Advisor.
Safe Bulkers $122.4M Credit Agreements
First Financing Arrangement of its kind between a Greece-Based Shipping Company and Japanese Governmental Financial Institutions Safe Bulkers, Inc. (NYSE: SB), an international provider of marine drybulk transportation services, announced today that it has entered into three credit agreements with Japanese governmental financial institutions amounting to US $122.4 million to finance the acquisition of three Japanese Post-Panamax class newbuild vessels. The previously-announced…
Dawkins Joins Iridium Board of Directors
Iridium Communications Inc. (NASDAQ: IRDM) announced that Peter M. Dawkins, founder and principal of ShiningStar Capital LLC, and Brigadier General, U.S. Army (Retired), joined its Board of Directors. The appointment brings Iridium’s Board to ten members. Prior to founding his current firm, Gen. Dawkins was vice chairman of Global Wealth Management for Citigroup, vice chairman of the Citigroup Private Bank, and executive vice president and vice chairman of Travelers Insurance during an eleven-year tenure with the firm. Previously, from 1991-1996, he served as chairman and CEO of Primerica Financial Services, and earlier served as head of the U.S. consulting practice of Bain & Company. During his military career, Gen.
