ING-EIB provide EUR300m to finance green shipping
The European Investment Bank (EIB) and ING today signed an agreement to support green investments for the European shipping market for a total value of EUR 300m. ING and EIB will each contribute EUR 150m to the facility. This agreement will ensur...
Sberbank-Sovcomflot conclude new financing agreement
Sberbank and Sovcomflot announced on February 12 that they have signed a new USD 106 million project financing agreement, with a term of up to 14 years. The funds will finance the construction of a high ice class Arctic shuttle tanker (Arc7) for ...
China interested in buying German bank
Bank of China (BOC) and Commercial Bank of China (ICBC) are cited as potential buyers of DVB Bank, one of the world's leading ship finance providers. According to industrial sources and foreign presses, the two Chinese banks are ex...
Anyone . Anywhere . Anytime can be a SHIP Owner
Shipowner.io (https://shipowner.io) is the world’s first distributed ledger platform for participation in capital financing of assets and services in the maritime industry. It is the first of its kind where the focus is strictly on the $1.5 tri...
CSSC injects huge capital to yards
CSSC Holdings, a listed company under CSSC, and CSSC Offshore & Marine are understood to be injecting around CNY10.2bn (about $1.6bn) of capital to four subsidiary yards. Two companies explained that the capital increase is in line with ...
Nau IB to raise funds for reshuffle
Nau IB Capital, a Korean investment firm, invests KRW 40bn (approximately $37.3m) in the reshuffle of its compatriot shipbuilding industry. By targeting shipbuilding equipment providers mainly, the company plans to carry out accepting consolidate...
SHI to increase short-term loans
Before issuing new shares worth about KRW 1.5trn (approximately $1.408bn), Samsung Heavy Industries (SHI) increases its short-term loans by KRW 750bn with a help from supervisors for its paid-in capital increase. The Korean shipbuilding tycoon...
Stephenson Harwood helps CDB on financing
Law firm Stephenson Harwood LLP announced on January 23 that it has advised China Development Bank on the US$1.6 billion financing of six Arc7 LNG carrier newbuildings for a joint venture between Teekay LNG Partners and China LNG Shipping. The ...
SHI board to increase capital
The board of directors of Samsung Heavy Industries (SHI) decided on January 26 that the company is to increase capital by issuing new stocks worth KRW1.5624trn. Earlier this day, the company also decided in an extraordinary shareholders' meeti...
KEXIM increases guarantee cap
The Export-Import Bank of Korea (KEXIM), through its 2018 operating strategy revealed on January 24, announced that it will pour a total of around KRW60trn on financial services for the industry this year. It is also said that it increases guaran...
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