Finance
Nau IB to raise funds for reshuffle
Nau IB Capital, a Korean investment firm, invests KRW 40bn (approximately $37.3m) in the reshuffle of its compatriot shipbuilding industry. By targeting shipbuilding equipment providers mainly, the company plans to carry out accepting consolidate...
2018-01-31 07:07:57
SHI to increase short-term loans
Before issuing new shares worth about KRW 1.5trn (approximately $1.408bn), Samsung Heavy Industries (SHI) increases its short-term loans by KRW 750bn with a help from supervisors for its paid-in capital increase. The Korean shipbuilding tycoon...
2018-01-30 07:12:57
Stephenson Harwood helps CDB on financing
Law firm Stephenson Harwood LLP announced on January 23 that it has advised China Development Bank on the US$1.6 billion financing of six Arc7 LNG carrier newbuildings for a joint venture between Teekay LNG Partners and China LNG Shipping. The ...
2018-01-29 07:07:45
SHI board to increase capital
The board of directors of Samsung Heavy Industries (SHI) decided on January 26 that the company is to increase capital by issuing new stocks worth KRW1.5624trn. Earlier this day, the company also decided in an extraordinary shareholders' meeti...
2018-01-29 06:57:07
KEXIM increases guarantee cap
The Export-Import Bank of Korea (KEXIM), through its 2018 operating strategy revealed on January 24, announced that it will pour a total of around KRW60trn on financial services for the industry this year. It is also said that it increases guaran...
2018-01-26 07:13:44
EC to help Croatian shipbuilder Uljanik
The European Commission announced on January 22 that it has found Croatian plans to grant Uljanik shipyard a State guarantee for a €96 million loan are in line with EU State aid rules. The measure will allow the company to meet urgent liquidity...
2018-01-25 07:21:33
"Money comes from taxpayers"
Sung-soo Eun, the Chairman and President of the Export-Import Bank of Korea (KEXIM) stated on January 24 that the bank will consider public opinion in planning Sungdong Shipbuilding and Marine Engineering’s restructuring strategy. In a media...
2018-01-25 07:08:49
KEXIM/K-SURE united for foreign projects
Korea Trade Insurance Corporation (K-SURE) announced on January 22 that it signed a business agreement for overseas project aid with Export-Import Bank of Korea (KEXIM). The leaders of two giant financial institutions met on January 22 to sign...
2018-01-24 07:06:36
New banking facility enables Blyth to grow
The Port on January 12 has announced a new £12million banking facility with Lloyds Bank that will enable the next phase in its rapid expansion. Major investments will now be made in relation to terminal infrastructure and the construction of ...
2018-01-16 07:25:32
JBIC pours money on domestic BC
The Japan Bank for International Cooperation (JBIC) is providing export credit for a 241,000-dwt ore carrier Imabari Shipbuilding is constructing for Ta Tong Marine, a Taiwanese shipping company. According to foreign media, the financing is jo...
2018-01-16 07:23:40
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