Finance
STX garnered R/G for two MR TKs
STX Offshore & Shipbuilding announced that it secured R/G for two 50K MR tankers awarded by OceanGold Tankers Inc. from KDB. The vessels, which will be built at Jinhae Shipyard, are scheduled for delivery by Q1 2020. They will feature impr...
2018-09-13 07:09:25
Gyeongsang envisioning RG fund
The Governor of South Gyeongsang Province Kim Kyung-soo is trying to revitalize the region’s shipbuilding industry by raising RG fund. On September 5, the governor commented at the Provincial Assembly that the gravest problem in the industry...
2018-09-07 07:13:58
Höegh secures S&LB financing for FSRU newbuild
Höegh LNG Holdings Ltd. (“Höegh LNG” or the “company”) has received commitment letter for a sale and leaseback financing for FSRU #10 of up to USD 206 million (the “facility”). FSRU #10 is currently under construction at Samsung Hea...
2018-09-05 07:43:01
MOL Sets Conditions for Issue of 'Green' Bonds
Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) announced that it has determined the conditions concerning the issue of green bonds (its 20th and 21st series of unsecured corporate bonds), which was announced on August 7, 20...
2018-08-27 07:33:57
Busan expands support range for struggling businesses
Busan Metropolitan City of Korea announced on August 21 that it will expand export finances for local struggling businesses.  The plan aims to put more liquidity into Busan-based companies focused on exporting automobile parts and shipbui...
2018-08-22 07:13:49
Latsco secures ship financing for MR tankers
Latsco Shipping, a Greek shipping company operating product carriers and LPG carriers, recently garnered additional ship financing deal for new MR PC series. The shipping outfit, which has raised $131m for five PCs back in 2015 from ING Bank, ...
2018-08-10 07:33:06
Vard delisted from SGX
Vard Holdings has voluntarily decided to delist its stock from Singapore Exchange Limited (SGX). The majority of Vard shareholders agreed to the decision. Also, Fincantieri, which holds an 85% stake in Vard, offered the shareholders SGD 0.25 i...
2018-07-27 07:13:39
"Bureaucratic finance made Sungdong hard"
Roh Hoe-chan, floor leader of the minor opposition Justice Party, had a press conference on July 17 at the National Assembly Building, Seoul, Korea, together with the Korean Metal Workers' Union (KMWU), noting, "The bureaucratic finance has made ...
2018-07-19 07:07:55
KfW IPEX-Bank finances cruise ship for Carnival
Financing for the world's largest leisure travel company, Carnival Corporation & plc: KfW IPEX-Bank is providing approximately EUR 786 million for the construction of a new cruise ship. KfW IPEX-Bank is handling the entire structuring of the ...
2018-07-12 07:27:49
CEXIM provides funds for BC series
It turned out that the Export-Import Bank of China (CEXIM) has recently provided funds to Yangzijiang Shipbuilding (Holdings) Group (YZJ) for supporting the construction of new ships. The CEXIM provides YZJ with $94m-loan for the construction ...
2018-07-12 07:23:49
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