Finance
Taizhou Kouan's assets frozen
It turned out that a court in Taizhou has ordered to freeze part of the Taizhou Kouan shipyard’s assets.   According to industry sources and foreign sources, the Taizhou Port Core Area Investment Company has requested to freeze RMB90m ($...
2020-06-19 09:13:21
Wisdom Marine issues new shares
Wisdom Marine Lines has issued new shares in order to raise funds for newbuilding project.  With this, according to industrial source and TradeWinds, the Taiwanese shipowner has secured about $13.3m for its fleet renewal plan.  Th...
2020-06-18 09:15:07
Mike Hooks developed Capital Improvement plan
Mike Hooks, LLC announced on June 7 that it has developed its Capital Improvement plan. To improve efficiency and promote innovation within the industry, Hooks will be adding a new, state-of-the-art, 27-inch Cutter Suction Dredge to the existing...
2020-06-12 09:34:41
Van Oord develops Green loan framework
Van Oord announced on May 29 that it has developed a Green loan framework as part of its financing strategy. The first Green Loans under the agreement were signed by Rabobank and BNP Paribas last week. The Green Loans are linked to Van Oord’s...
2020-06-04 09:20:03
KDB signs with HHI for Green loan
Korea Development Bank announced on May 29 that it has signed a Green Loan agreement worth totaling KRW 480bn with Hyundai Heavy Industries (HHI) through cooperation with HSBC bank, Industrial and Commercial Bank of China and KDB Capital, etc. ...
2020-06-03 09:14:57
Japan considers new finance scheme
It emerged that the Japanese government is reviewing a new newbuilding finance scheme.     According to industry sources and TradeWinds, Ministry of Land, Infrastructure, Transport and Tourism, MLIT recently suggested that Japan...
2020-06-02 09:11:01
Kexim supports KRW 5.2trn to shipyards
The Export‑Import Bank of Korea (Kexim) recently announced that Bang-Mun kyu, the CEO of Kexim, has participated ‘Shipbuilding industry communication meeting’ to seek supported plans and listen to complaints, following visiting Hyundai Heav...
2020-05-29 09:05:54
Kongsberg acquires additional shares in KONCIV
Through a private placement, Kongsberg Digital announced on May 25 that it has acquired additional shares in NorSea Digital, now KONCIV, together with the private investor Jacob Møller. NorSea remains its largest owner. The company provides digi...
2020-05-28 09:28:40
JES assets sold at online auction
The business assets of JES International Holdings have all been sold through an online auction.  Since last October, according to industrial source and foreign media outlet, the administrators of the insolvent Chinese shipbuilder have put...
2020-05-28 09:12:34
Government of the republic of Estonia approved loan terms
Tallink Grupp announced on May 8 that the Government of the Republic of Estonia approved the terms of a working capital loan to AS Tallink Grupp. The total amount of the loan limit is EUR 100 million and the loan can be issued in EUR 10-40 millio...
2020-05-18 09:27:41
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