IGT Services & Ship Brokerage
Our Banking division serves mid- to large-sized companies, corporations, and institutions. It comprises Business Banking, Global Commercial Banking, Global Corporate & Investment Banking. Aligned with these client-facing groups are Global Research, Global Transaction Services, and Wholesale Credit.
Our Approach
We offer the full spectrum of services to help our partners work better.
Innovative financial instruments:
Innovative financial instruments can attract funding from other public or private investors with strong interest but which are perceived as risky by investors. ING financial instruments targeted to producers/end-users have the aim to better support the Industry transition to a stable economy, on the one hand, to the effectiveness of deliveries. Also with the aim to better shape future plans.
Pre-delivery financing:
ING provides pre-delivery financing during the collecting and stocking phase to producers, traders, ship-owners, and charterers. Besides the product preparation, raw material and equipment purchases, labor costs, and other goods and services may also be financed on a project basis
Short-term financing:
ING meets the short-term needs of its customers such as high bunkering costs or vessel repair and renovation. Freight receivables financing is also available on a transaction basis.
Maritime Finance:
IGT finance various types of vessels and ages.
Supply Chain Finance:
To be considered high performing, global supply chains must be agile, innovative, and competitive in spite of these variables – and all that’s fueled by working capital. Given these factors, it’s no surprise that finance and procurement professionals are seeking ways to more easily access working capital that is trapped in their supply chains.
Derivatives & Risk:
Risk is the potential that events, expected or unanticipated, may
have an adverse impact on capital and earnings. These risks are strategic, reputation, price, foreign exchange, liquidity, interest rate, credit, transaction, and compliance. These categories are not mutually exclusive. Any product or service may expose the company to multiple risks. Derivative activities must be managed with consideration of all of these risks.
Shipping Brokerage
Acting as intermediaries between directly contracting counterparties, our broking teams have the expertise, experience and support structure to make deals happen.
Charter Broker
The Shipping Department of ING concentrates on different flag vessel charters, fixing both spot and time charters, including tankers, bulk carriers, containerships, and roro vessels. Our focus has been on charters with oil companies, food cargoes.
Sale & Purchase Broker
For all types of vessels. Recent transactions have included tankers, icebreakers, bulkers, roro vessels and other vessels. We have specialized in sales transactions with international shipowners seeking to sell vessels, working with S&P brokers worldwide to obtain tonnage.
Newbuilding Broker
Newbuilding brokerage for international flag vessels. Transactions for the markets include product tankers, ATBs, bulkers, and an LNG fueling barge; on the international market, AHTS vessels and ice-class crude tankers. These brokerage activities included close work with vessel designers and marine engineers. We have strong relationships with shipyards.
Advisory Service
Working as a Ship Broker ING is involved in financial service as part of the global shipping industry. The main purpose of a Ship Broker is to act as specialist intermediaries/negotiators between ship owners and charters to arrange ocean transport of goods and commodities by sea, the employment of a vessel or to buy/sell ships on behalf of his client.