Tag: Misty

  • Commerzbank Sells 14 Tankers to Reduce Loans

    first_imgWorld Maritime News Staff, December 17, 2013 Print  Close My location 此页面无法正确加载 Google 地图。您是否拥有此网站?确定 zoom With an aim to reduce bad loans, Commerzbank AG, Germany’s second biggest bank, has sold 14 chemical tankers to Oaktree Capital Management LP, Bloomberg reports.Back in 2012, Commerzbank decided to step out from ship financing.“We will continue with our consistent strategy of value-preserving reduction,” Stefan Otto, head of the Hamburg-based Deutsche Schiffsbank unit, part of Commerzbank’s non-core assets, said in a statement.A group of companies, including Oaktree, Blackstone Group LP (BX), JPMorgan Chase & Co. (JPM) and Tennenbaum Capital Partners LLC , decided to help German shipping industry by buying new and used vessels and giving financial support to shipping companies by taking their stakes.Oaktree provides investment management within a limited number of specialized niche markets.last_img read more

  • Spryfieldarea Fire Investigation Completed

    first_imgThe Department of Natural Resources has completed its investigation into April wildfires in the Spryfield area, Halifax Regional Municipality, and no charges are pending. However, the department did determine the cause of the fires. The first fire, on April 29, was caused by an unextinguished campfire pit on the west bank on MacIntosh Run, north of Roaches Pond. The fire flared up the next day and, pushed by strong winds, resulted in a blaze that travelled towards Purcells Cove Road. Evidence was also uncovered of two other fires, believed to be cases of arson, during the evening of April 30 on Lier Ridge, east of J.L. Ilsley High School. “After a thorough investigation we are pleased to have a clear understanding of what caused these fires,” said Walter Fanning, director of forest protection services, Department of Natural Resources. Officials from the Halifax Regional Fire and Emergency Service and Halifax Regional Police assisted in the investigation. “Firefighters battled this blaze in some of the worst fire conditions many of them had ever seen, a combination of low humidity, dry woods and strong winds,” said Halifax fire Chief Bill Mosher. “Despite the devastating loss of homes, I am satisfied that our firefighters acted with the courage and dedication that are the hallmarks of any professional fire service.” Anyone with information on these or other forest fires are asked to contact the local Department of Natural Resources office or the Halifax Regional Fire and Emergency Service.last_img read more