Rolls-Royce/AXA inventing insurance for autonomous sailing
UK tech outfit Rolls-Royce announced on May 14 that it has signed LOI with French financial firm AXA Corporate Solutions to develop risk management products for autonomous shipping, by combining Rolls-Royce’s Ship Intelligence systems and equip...
HSBC-Cargill complete blockchain transaction
HSBC Holdings, a British-based multinational banking and financial services company, has recently announced that it completes the blockchain-based trade finance transaction for the first time in the world. According to foreign presses an...
RG issued on STX's TK quartet
Korea Development Bank (KDB) reportedly offered refund guarantee (RG) on four MR product carriers (PCs), which are being built by STX Offshore & Shipbuilding (STX O&S), on May 3. The four newbuildings are comprised of two u...
Scorpio Tankers announces commitments for new loan
Scorpio Tankers Inc. (NYSE:STNG) ("Scorpio Tankers," or the "Company") announced on May 1 that, following from the announcement of new financing initiatives on April 25, 2018, the Company has received commitments from four leading European financ...
K-Sure expanding RG support for larger yards
Korea Trade Insurance Corporation (K-sure) is expanding its RG support for larger players. Moon Jaedo, K-sure Chairman and President, said to press on April 30 that the Corporation is seeking ways to support Korean yards in need of RG. With pr...
Cheniere to arrange financing for Corpus Christi
Cheniere Energy, Inc. (“Cheniere”) (NYSE American: LNG) announced on April 20 that its wholly owned subsidiary Cheniere Corpus Christi Holdings, LLC (“Corpus Christi Holdings”) has engaged financial institutions to act as Joint Lead Arran...
NYK to raise funds for eco-friendly ships
Nippon Yusen Kaisha (NYK) is said to issue unsecured corporate bonds in May this year with the goal of raising funds for building LNG-powered LNG bunkering vessels. Under the 'Green Bonds' project, the Japanese company will raise funds o...
KEXIM head meets shipping bosses
Eun Sung-soo, Chairman and President of The Export-Import Bank of Korea (KEXIM) met bosses of 10 shipping companies and officials of KSA to promise capital injection over KRW800bn in this year. Bosses from HMM, Sinokor, KMTC, Heung-A, Panocean...
SHI cerebrates oversubscription
Samsung Heavy Industries (SHI) announced on April 13 that the subscription of new stocks for employees and existing shareholders exceeded prearranged 240m shares during April 12-13, recording 102.8% of subscription. The shares left after the a...
Busan tries to attract investment in equipment
With the goal of stabilizing underrated companies in its local shipbuilding equipment industry, Busan Metropolitan City has recently announced that it will have a briefing session regarding fund investment in the 'BK 6th shipbuilding restructurin...
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