Finance
KEXIM provided Korean operators with 800bn finances
Among operators which received financial supports from the Export-Import Bank of Korea (KEXIM) last 2018, it turned out that the number of Korean ones surpassed that of non-Korean ones (for export).  According to the Korea Shipowners' Ass...
2019-01-04 08:26:07
Sale of Huarong's asset delayed
China Huarong Energy announced on December 26, 2018, that the sale of its shipbuilding business asset has been delayed. The Hong Kong-listed company made an agreement with investment holding company Unique Orient for the disposal of its ship...
2019-01-02 14:20:00
MacGregor got Korean clearance for TTS acquisition
MacGregor, part of Cargotec, has received a clearance decision from the South Korean Fair Trade Commission on the company's acquisition of the marine and offshore businesses of TTS Group ASA, which was announced on 8 February, 2018.  MacG...
2018-12-28 14:13:15
NYK secured Green Loan for methanol-fueled TK
NYK will receive 2 billion yen from Taiyo Life Insurance Company as a green loan to exclusively finance the building of NYK’s first methanol-fueled chemical tanker. A green loan is a loan whose proceeds are used solely for the purpose of fundin...
2018-12-28 11:48:49
HHIC buys more time
Hanjin Heavy Industries & Construction (HHIC) announced on December 26 through a regulatory filing that its creditors (main creditor: KDB) approved the extension of the implementation of the normalization plan. Now the expiration dated of ...
2018-12-28 08:17:28
Sea Machines closed Series A Funding
Boston-based Sea Machines Robotics announced today that it has closed a $10 million Series A investment led by Accomplice and Eniac Ventures, with participation from Toyota AI Ventures; Brunswick Corp., through investment partner TechNexus Ventur...
2018-12-20 08:27:39
STX goes for $4.6m recapitalization
STX Offshore & Shipbuilding announced through a regulatory filing on December 19 that the Korean shipbuilder has decided to issue new shares through third-party allotment worth KRW 5.2bn (approximately $4.62m).  The third-party invest...
2018-12-20 08:23:09
Korea helps car and shipbuilding sectors
The Korea Credit Guarantee Fund (KODIT), Korea Technology Finance Corporation (Kibo) and Shinhan Bank have joined hands in order to help their compatriot automobile and shipbuilding equipment providers. The three parties has announced that the...
2018-12-17 08:33:42
Shinhan Bank launches special loan program
Shinhan Bank of Korea announced on December 5 that it launches a special loan program to offer financial supports of KRW 220bn (approximately $196.6m) to its compatriot automobile and shipbuilding equipment providers.   Recently, sma...
2018-12-07 08:32:41
TOP Ships announces closure in vessel finances
TOP Ships Inc. (the “Company”), an international owner and operator of modern, fuel efficient “ECO” tanker vessels currently focusing on the transportation of crude oil and petroleum products, announced that it has concluded Financing Agr...
2018-12-05 08:45:25
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