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The Bank has a long dedicated
presence in the shipping industry through its
Global Shipping Division, which combines all the
financing activities of Hypovereinsbank in shipping,
offshore, shipyard consulting, container boxes
and terminals..
Global Shipping maintains offices in various parts
of the world, and one of its most active units
is the Piraeus Shipping Office, established in
1999, employing professionals with long experience
in shipfinance and serving exclusively the banking
needs of the Greek shipping community.
The Bank's strategic aim is the development of
integrated business relationships with clients,
catering to their financing, consulting and investment
needs.
The shipping clientele comprises of top quality
shipping companies in terms of track record and
management expertise.
PRODUCTS & SERVICES
Shipping
Term Loans
Whether we consider structured financing or "straight"
term loans against acquisition of newbuilding
or second hand ships , the Bank's added value
lies in the ability to assess the market environment
, and provide tailor-made, competitive solutions
accommodating a client's specific financing needs.
Credit
Lines
The competitive nature of the shipping market
often necessitates the immediate availability
of funds for the acquisition of suitable ships.
In this regard, credit lines may be provided,
structured against financing predefined types
of ships.
Syndicated
Facilities
The capital intensive shipping industry often
requires large financing packages. Local presence,
market expertise and a wide relationship network
with dedicated shipping banks enable the Bank
to arrange sizeable syndicated transactions.
Other Products
The Piraeus Shipping Office can provide clients
with a wide variety of other banking products,
ranging from derivative products designed to accomodate
clients' specific hedging needs to private and
investment banking.
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