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Shipping

ShippingHSBC's Piraeus shipping branch was founded in 1981 in order to satisfy the needs of shipping companies and other businesses involved in shipping, by offering a wide range of effective, competitive and reliable services.

Being a part of the HSBC group, an international organization that provides financial services with a long shipping tradition, we can offer our clients our long experience and know-how in the shipping sector.

With more than 10.000 branches in 83 countries around the world, the network of HSBC group gives us an important advantage, not only because it facilitates HSBC's shipping services, but also because it constitutes a valuable source of information for our clients.

The fact that HSBC Insurance Brokers, the large shipbroker company Lloyds insurance, as well as HSBC Shipbrokers, a well-known shipbroker company, are members of HSBC group proves HSBC's deep knowledge of the needs of shipping industry.

HSBC’s Banking Services for the shipping industry:

Credit Facilities available

  • Ship mortgage loans to finance the acquisition of vessels 
  • Financial guarantees in conjunction with new-building projects
    The HSBC Group is one of the largest lenders to the shipping industry world-wide.

Operating accounts / payment services available

  • Current accounts in most major currencies, including the alternative option of having multi-currency account
  • Call accounts in most major currencies without advance notice requirements
  • Foreign currency conversion at competitive rates (spot and forward transactions)
  • Payment services using an extensive network of corresponding banks worldwide
  • Operational guarantees in connection with claims related to vessels' liabilities. The timely and orderly issuance of these guarantees is greatly facilitated by the Group's international network

Deposits available

Fixed term deposits in most currencies

Financial products available

  • Products allowing the shipping companies to cover the foreign exchange risk related to the discrepancy between the currency denomination of their income (US Dollars) and their expenses (in different currencies)
  • Products allowing the shipping companies to benefit or to protect themselves from a particular interest rate environment

Investment banking products available

HSBC shipping services' clients benefit from:

  • Expertise in dealing with complicated issues related to the financing of vessels using sophisticated structures, in conjunction with HSBC Investment Bank
  • Consultancy services for the public listing of shipping companies on International Stock Markets
  • Asset Management
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