Thorsten Funk
Cash Management Shipping International
The global shipping sector is once again developing dynamically. It is not just shipping companies, but also specialists such as the insurance broker Fender S.A. from Athens that need banking partners who can manage their associated international payment transactions and who are familiar with the peculiarities of the sector. The Greeks’ path thus brought them to HCOB.
Hamburg and Athens. Both of these cities are linked by more than their beauty and their glorious history. It's also their proximity to the sea and their roles as “gateways to the world” which unify the North German metropolis and the capital of Greece. Both cities play a significant role in the shipping industry. It just seems to make sense that the Hamburg Commercial Bank, with its maritime DNA, also has an office in Athens.
Fender S.A., one of the shipping clients of the HCOB operates “from the heart of the world’s most important maritime city,” as it says on the company's website. This is an insurance and consulting firm founded in 2012 that provides the necessary policies for safe and secure transport across the world's oceans to its clients across the entire maritime economy.
Fender’s special business requires particular skills and knowledge. Co-Founder Stefanos Vardalos and Nicholas G. Lemonakis also expect this knowledge of the ebb and flow of the market and the capital markets from their banking partners. The co-founders of Fender quite consciously opted for the HCOB to management the international payment transactions.
Not only are the experts at HCOB best acquainted with the shipping industry, their good networks also allow them to quickly and seamlessly arrange the international payment flows at Fender, mainly in US dollars.
Contact us, we are looking forward to the dialogue.