Shipping Finance – Products
DVB’s Shipping Finance team serves clients with products tailored to meet their specific business needs. The assets we target nclude, among others, tankers (crude oil, LNG, chemical, LPG, product), dry bulk vessels, container vessels, container boxes, car carriers, and ferries. We offer the following range of products and services:
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Structured Asset Lending
Providing unique financial solutions to the shipping fraternity is at the core of our financing activities. Our lending business encompasses mainly senior secured and second lien structures. In addition to traditional asset finance, we offer our clients tailor-made structured and tax-optimised solutions for complex financing projects, often covering multiple jurisdictions.
Our Shipping Finance teams market the lending product globally through offices in Europe (Amsterdam, Athens, Hamburg, London and Oslo), in Asia (Singapore and Tokyo), and in North and South America (New York and Curaçao).
Risk Distribution & Loan Participations
Our Financial Institutions team is globally responsible for our syndication activities and assists our Transport Finance and Investment Management business divisions in raising non-public market debt or equity.
One of Financial Institutions' tasks is to find suitable bank partners to join DVB in its financing of transport assets – either on an underwritten or book building basis. In sourcing liquidity in the form of mezzanine and equity, the team globally acts as central contact and co-ordination point for financial institutions such as banks, hedge funds, private equity funds, sovereign wealth funds, insurance companies, pension funds, and supranational funds.
Since our subsidiary ITF International Transport Finance Suisse AG ceased marketing activities in November 2015, our Financial Institutions and Syndications team is also the contact, to all transport segments, for collateralised syndicated loans and portfolio transactions in the international bank market.
Our Financial Institutions team operates out of London, but with respect to the North American market, the team works with DVB Capital Markets LLC in New York.
Corporate Finance Solutions
Our DVB Corporate Finance team provides transport finance clients with financing solutions and supports them in raising capital via public offerings and private placements of equity, debt securities and structured asset finance products. Specifically, DVB Corporate Finance offers solutions in the following areas:
- Mergers & Acquisitions (M&A), i.e. traditional sell-side and buy-side advisory, alongside divestitures, spin-offs, joint ventures, Management-Buy-Outs/Leveraged-Buy-Outs, privatisations, and valuation and fairness opinions
- Corporate Advisory, i.e. balance sheet optimisation, strategic alternatives assessment, restructurings, liquidation management, and deal negotiation support
- Equity & Debt Capital Markets, i.e. primary and follow-on equity offerings, private equity and debt placements, equity-linked products, mezzanine capital, preferred securities, convertible bonds, and high yield bonds – via public issues as well as private placements in accordance with rule 144A of the US Securities Act
- Structured Asset Finance, i.e. asset backed securities, charter monetisation, project bonds, receivables securitisation and aircraft enhanced equipment and trust certificates
The team operates via our New York, London, and Oslo offices. In the United States, it acts through DVB Capital Markets LLC, a broker/dealer registered with the Securities and Exchange Commission and regulated by the Financial Industry Regulatory Authority. DVB Capital Markets LLC has a Business Continuity Plan and will be available for all clients in case of an emergency. In Europe, the team acts through DVB Bank SE (London Branch), regulated by the Financial Conduct Authority, and through DVB Bank SE (Nordic Branch), regulated by Finanstilsynet.
Through fund management activities, we have been able to expand its traditional product range of senior and junior financing to clients. Today, we can arrange each risk layer, including the equity aspect, in the financing of shipping projects.
Our shipping funds focus on investments in high yielding loans/bonds, mezzanine financings and equity participations in shipping projects. The shipping funds focus on (preferred) asset-based equity investments in the shipping sectors. Our asset-based approach, in combination with an in-depth knowledge of the shipping business and market coverage via the DVB network, provides a unique opportunity to invest in the shipping industry with partners that have a proven track record.
Our intermodal fund provides equity, preferred equity and mezzanine loans to intermodal clients. The first intermodal fund had been set up in the last quarter of 2006. The intermodal fund concentrates on investments in intermodal assets (containers, chassis and trailers).
Asset & Market Research
Our Shipping Research team provides our commercial offices and customers with valuable and up-to-date information on shipping assets, markets/sectors and trade flows in distinct sectors. In an industry where information is vital in order to understand and anticipate cycles and trends, the in-house professionalism and experience of the team has proved invaluable both to our account managers and investment management team and equally to our customers.
The trade press frequently reports about the market views of our Shipping Research team on various market sectors.
DVB's sterling reputation is evidenced from the award of a series of prizes by Lloyd’s Shipping Economist, including winning the prestigious Shipping Finance Research Award four out of possible five times.