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...
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 ...
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...
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...
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...
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...
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...
d’Amico signs S&LB deal
d’Amico International Shipping S.A. (Borsa Italiana: DIS) (the “Company”or “DIS”), an international marine transportation company operating in the product tanker market, announces that its operating subsidiary d’Amico Tankers D.A.C. (...
Okeanis secures newbuilding capital
Okeanis Eco Tankers Corp. (OSE: OET-ME) (the “Company”) has secured one additional firm commitment for a secured loan facility (the “Facility”) in the aggregate amount of USD 59 million from ABN Amro in respect of the financing of one of ...
Busan Bank seeks new growth
Bin Dae-in, the President and CEO of Busan Bank, has recently noted that Busan Bank will seek a new growth as a bank specialized in marine finance sector. He said, "In order to find regional growth engines and support businesses, B...
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