Finance
CIP's new fund obtains huge commitments
Copenhagen Infrastructure Partners (CIP) recently announced that after 9 months of fundraising, Copenhagen Infrastructure III (CI III), has had its sixth close on December 27, 2017 with total commitments reaching EUR ~2.8 bn. CIP targets a fund s...
2018-01-02 07:20:23
SHI to secure RG in rotation
Eight Korean banks are set to issue refund guarantees (RGs) to Samsung Heavy Industries (SHI) in rotation.   As it becomes the second beneficiary of the rotating RG issuing system after Hyundai Heavy Industries (HHI) which has the st...
2017-12-27 13:43:08
Investment in Dae Sun to be structured
After being rejected recently, the sale of Dae Sun Shipbuilding & Engineering is likely to be carried out based on a 'structured investment deal' method.   According to sources from Korean investment bank industry on December 19,...
2017-12-20 07:11:29
World Bank Group Announcements at One Planet Summit
World Bank Group announced on December 12 that at the One Planet Summit convened by President Emmanuel Macron of France, United Nations Secretary General Antonio Guterres, and World Bank Group President Jim Yong Kim, the World Bank Group made a n...
2017-12-14 07:29:48
HHIC helps HHIC-Phil
Hanjin Heavy Industries & Construction (HHIC) announced on December 11 that the Korean shipbuilder decided to provide a guarantee over a debt worth around KRW 317.086bn (around $290.61m) to its overseas affiliate HHIC-Phil.  The amoun...
2017-12-13 07:10:42
Teekay secured long-term financing for Yamal carriers
Teekay LNG Partners announced on December 11 that it secured an $816m long-term debt facility to finance all six of the Company’s 50% owned ARC7 LNG carrier newbuildings. scheduled to deliver in January 2018, and the remaining vessels throug...
2017-12-13 07:07:43
EIB-Wärtsilä sign EUR125m R&D loan
The European Investment Bank (EIB) and Wärtsilä, a leading Finnish producer of engines for marine and power plant applications, announced on December 4 that they have signed a EUR 125m loan agreement to support the research and development of m...
2017-12-12 07:16:34
Daesun seeking strategic investor
KEXIM (The Export-Import Bank of Korea) is seeking strategic investors among domestic shipping companies for Daesun Shipbuilding & Engineering. According to industry sources, KEXIM is planning to open a prospectus early this month for do...
2017-12-05 14:04:43
Ocean Yield announces investment in three suezmax tankers
Ocean Yield ASA recently announced that the Company has agreed to acquire three suezmax crude tankers with 10-year bareboat charters to Nordic American Tankers Limited ("NAT"). The net purchase price is USD 43.2 million per vessel after seller's ...
2017-12-05 07:14:28
HHIC sells its own land and building
Hanjin Heavy Industries and Construction (HHIC) announced on November 30 that it sold its own land and building worth KRW 136.9bn (approximately $126m) in Wonchang-dong, Seo-gu, Incheon, Korea, to 52 companies including SG CERA, a Korean bathroom...
2017-12-01 14:11:16
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