Website traffic statistics
Pages viewed and unique visitors to WCN Online
Month/
year
Page
views
Unique
visitors
Jan '18985,30537,424
Dec '17805,27831,110
Nov '17806,48132,160
Oct '17733,01434,345
Sep '17685,28725,490
Aug '17947,20130,169
Jul '17688,12024,645
Jun '17710,85423,452
May '17809,49122,808
Apr '17600,63723,897
Mar '17664,10026,870
Feb '17511,81924,889
Jan '17597,53831,368
Dec '16692,56026,566
Nov '16672,32528,904
Oct '16558,87820,127
Sep '16528,03820,578
Aug '16482,16818,484
Jul '16461,78816,728
Jun '16452,25720,350
May '16522,07718,502
Apr '16433,09116,773
Mar '16454,71616,488
Feb '16479,59014,371
Jan '16529,85415,815
Dec '15492,60218,837
Nov '15353,00820,085
Oct '15417,35713,005
Sep '15355,91215,297
Aug '15411,40314,704
Jul '15354,72013,342
Jun '15417,67319,164
May '15580,07721,606
Apr '15376,62021,696
Mar '15339,35123,090
Feb '15332,08421,684
Jan '15322,89225,157
Dec '14356,31821,346
Nov '14366,08923,187
Oct '14357,83324,423
Sep '14401,28320,054
Aug '14372,89715,248
Jul '14358,38815,902
Jun '14320,07316,212
May '14388,06821,008
Apr '14341,87020,693
Mar '14313,31919,996
Feb '14271,67916,435
Jan '14200,47419,854
Dec '1393,03315,996
Nov '1392,26117,397
Oct '1389,71817,456
Sep '1394,33018,762
Aug '13102,80416,609
Jul '1382,65216,167
Jun '1388,37417,497
May '13104,17220,211
Apr '1397,46219,191
Mar '13115,84721,047
Feb '13102,19020,176
Jan '13120,44421,077
Dec '12110,79719,692
Nov '12103,45821,428
Oct '1290,41919,012
Sep '1299,50420,003
Aug '12111,41120,782
Jul '12110,15420,259
Jun '12106,61220,830
May '12120,22120,940
Apr '1280,45617,069
Mar '12103,54521,411
Feb '1293,23421,162
Jan '1285,53419,807
Dec '1182,36615,345
Nov '1181,83620,021
Oct '1179,78019,855
Sep '1162,05814,726
Aug '1155,77813,859
Jul '1166,33614,504
Jun '1180,32018,321
May '1184,29219,675
Apr '11194,02719,022
Mar '11127,03417,375
Feb '1165,99614,928
Jan '1167,05315,578

WorldCargo News the world's leading resource for international cargo professionals
CLICK HERE for our FREE weekly eNewsletter
Search: 

Published: 12 February 2018      

Chinese set to buy German transport bank?

It has been reported that the country’s long-established shipping and transportation asset finance bank, DVB Bank SE, is up for sale

DVB Bank SE, part of DZ Bank AG (Deutsche Zentral-Genossenschaftsbank (Cooperative) in Frankfurt-am-Main, is reportedly up for sale, with two Chinese banks - the Bank of China (BOC) and the Industrial and Commercial Bank of China (ICBC) - in the frame to acquire it.

Last December Reuters reported that DZ Bank wanted to dispose of its transportation asset finance subsidiary because of the bad debts in its ship finance portfolio.

Other sources report that Apollo and Carlyle have expressed interest in DVB. Neither DZ Bank, nor the possibly interested investors, were prepared to comment. Originally it was DZ Bank’s intention to sell DVB to Mitsubishi Group of Japan, but negotiations stalled. I

CBC and BOC were also among the parties interested in buying the troubled HSH Nordbank, but dropped out.

German banks were world market leader sin ship financing, but shipping industry crises have led to accumulated debts of around US$100B, much of which has to be written off.

In H1 2017 DVB made a loss of €506M on the ship finance side and the Board member responsible for this division, Bart Veldhuizen, was fired.

DVB is also active in financing the aviation and other sectors and some reports indicate that the Chinese banks are really only interested in “cherry picking” the aviation finance division. Up to now DVB has been sheltered by DZ Bank’s “AA minus” rating. It would lose this “protection” as a stand-alone business, but China’s massive trade surpluses mean that is banks have very long pockets.

There is growing concern over Chinese investment targets in Europe. Earlier this year German Economic Affairs Minister Matthias Machnig called for Europe-wide measures to police surging Chinese investments. However, it is not just Chinese investors who want to cherry pick DVB!


To find out more about WorldCargo News:
  • Click here to order a back issue
  • Click here to subscribe to WorldCargo News
  • Click here for a sample back-issue of WorldCargo News
  • Read related items
    Click on the links below to read other news and features related to this item.
  • Europe) Germany) Germany Acquisitions and mergers
  • DVB Bank AG
  • Acquisition and mergers
  • Finance


  • All contents © WCN Publishing, 24 Bridge Street, Leatherhead, Surrey KT22 8BX, England.