DSME explains about 'exchange loss' report
The Seoul Economic Daily that reported on October 31, 'The Korea Development Bank (KDB) has made exchange losses of about KRW 300bn (approximately $267.6m) for the last three years after dealing with foreign exchange trades for Daewoo Shipbuildin...
RG deadline for STX extended
It turned out that the deadline for issuing refund guarantee (RG) to STX Offshore & Shipbuilding on MR tanker newbuildings has been extended. According to industrial sources, one STX official said, "On October 31, OceanGold of Greece...
DSME stock trading resumed
Trading of shares in Daewoo Shipbuilding & Marine Engineering on the local stock market is resumed in one year and three months. The Korea Exchange announced on October 26 that it has decided to allow the resumption of trading of Daewoo. ...
Nordic American Tankers get financing
Nordic American Tankers Limited announced on october 24 that it has signed the main terms with a major international financial institution for the financing of the outstanding commitments, due on delivery, for the three Suezmax newbuildings to be...
KEXIM, ”RG bar needs to be lowered“
Sung-soo Eun, Chairman and President of The Export-Import Bank of Korea (KEXIM) said on 24 that “RG standard needs to be lowered if domestic shipbuilders jointly win the relevant order or domestic shipping company made the deal,” in the repor...
Tianjin secures financing for asphalt carrier
Tianjin Southwest Maritime, a Chinese tanker owner is understood to secure ship financing from Guangdong Financial Leasing. According to foreign media, a financing deal is made for two new 7,800dwt asphalt carriers of Tianjin, with details sti...
Keppel posts net profit growth
For the nine months ended 30 September 2017, Keppel Corporation Limited (Keppel) reported on October 19 a net profit of S$712 million, 11% higher than the S$641 million for 9M 2016. Group revenue of S$4,419 million for 9M 2017 was S$408 million, ...
GTT posted revenue of first nine months
Gaztransport & Technigaz (GTT), an engineering company specialised in the design of membrane containment systems for maritime transportation and storage of liquefied gas, presented its results for the first nine months of 2017 on October 18.&...
Scorpio Bulkers announces a new loan facility
Scorpio Bulkers Inc. (NYSE:SALT) (“Scorpio Bulkers,” or the “Company”) announced on October 18 that the Company has received a commitment for a loan facility of up to $85.5 million from Nordea Bank AB (publ), New York Branch, and Skandina...
KEXIM to finally sell DaeSun
The Export-Import Bank of Korea (KEXIM), the main creditor bank of Daesun Shipbuilding & Engineering, announced on 19 that it will post the public notice of sale of Daesun, starting to receive indicative offers. The creditors, who are curr...
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