BNK-KDB invest in shipping real asset
Busan Bank is expanding its exposure to ship financing. Busan Bank announced that the company is investing in ‘Multi-Asset KDB Ocean Value-up Private Fund 15th’ with KDB, which is operated by Multi Asset Global Investments. Busan Bank i...
d’Amico posted S&LB contract
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. (...
China CSSC returns to profit in three years
China CSSC Holdings, a listed arm of China State Shipbuilding Corporation (CSSC), turns out to have turned to the black in 2018 after two years of losses, escaping from shares suspension on the Shanghai Stock Exchange (SSE). The company ...
HMM leading scrubber fund
Hyundai Merchant Marine (HMM) announced on March 21 that Korean maritime players including HMM signed an MOU for scrubber installation. The signing ceremony was held at the Korea Shipowners' Association (KSA), in the presence of around 50 high...
KOBC welcoming applicants for NB aid program
The Korea Ocean Business Corporation (KOBC) is receiving applications for 2019 newbuilding aid program from March 20. The program is arranged to support domestic shipping companies who are planning to add new, efficient, green tonnages in the fle...
NYK signs ESG management support loan
NYK entered into a 9 billion yen syndicated loan agreement in which the proceeds will be used solely for the purpose of funding environment-friendly projects. This is Japan’s first syndicated loan to be certified by Japan Credit Rating Agency L...
DSIC subsidiaries go into insolvency in succession
Two subsidiaries of China's Dalian Shipbuilding Industry (DSIC) have entered liquidation at the request of creditors due to their inability to repay debts. According to Splash, Dalian Intermediate People’s Court recently ruled to liquidate...
Navig8 signs S&LB agreements with ICBC FL
Navig8 Chemical Tankers Inc. (the “Company”) (N-OTC: CHEMS), an international shipping company focused on the transportation of chemicals, today announced that it has entered into sale and leaseback agreements with ICBC Financial Leasing Co.,...
3rd try for Sungdong sale scheduled in April
The deadline for submitting Sungdong Shipbuilding & Marine Engineering's rehabilitation plan has been extended again as the sale of the Korean debt-stricken shipbuilder is repeatedly delayed. The current process of stalking-horse bidding will...
Maersk secures financing for NB boxships
Maersk Line turns out to have secured lease financing for the construction of a total of 13 feeder containerships. According to industrial source and TradeWinds, the Danish international container shipping company raises money from...
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