Finance
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...
2018-05-18 06:49:36
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...
2018-05-16 07:28:05
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...
2018-05-09 07:07:27
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...
2018-05-04 07:26:55
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...
2018-05-03 07:22:22
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...
2018-04-25 07:15:12
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...
2018-04-25 07:01:38
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...
2018-04-24 07:14:13
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...
2018-04-17 07:05:52
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...
2018-04-11 07:16:10
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