DVB Bank launches new Shipping Asset Management division

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DVB Bank has pioneered a new Shipping Asset Management division to tackle the credit challenges being faced in the current asset backed shipping market for the banking and financial investor community.

Targeting institutions requiring assistance in the long-haul struggle of economic recession, the unit offers comprehensive restructuring and recovery techniques and services to assist in managing financial situations.

Dagfinn Lunde, a Managing Director at DVB Bank, said: “The formation of the Shipping Asset Management team is aimed at providing a one-stop shop for the banking and financial investor community and at providing them access to DVB’s range of solutions to any challenging scenario.

“This service is complimentary to our own lending business and we see this as a key way in which we can offer a confidential service to other banks and financial investors in vessels, at a time when the financial world generally is undergoing a period of tremendous change,” he added.