"Korea to bring financial support for shipyards"
Choi Jong-ku, Chairman of the Financial Services Commission (FSC) of Korea, stressed, "We will redirect guidance policy finance and restructuring program for Korean shipbuilding industry ecosystem, and added, "We will also bring financial support...
Marinakis gets Chinese help for VLCC
Capital Maritime & Trading is making its first engagement with Chinese finance for a large crude carrier series. The company announced on October 16 at Greek Ship Finance Forum held by Marine Money that it is pursuing leasing contract with...
Refinancing of EXMARs pressurized fleet
EXMAR is pleased to announce that it has received a firm commitment for the refinancing of its ten fully-owned pressurized vessels. The fleet is currently 100% chartered out and will be refinanced through several sale and leasebacks with Japan...
Nam Cheong announces successful debt restructuring
Nam Cheong Limited (“南昌有限公司”) (“Nam Cheong”), together with its subsidiaries, (the “Group”), a leading global offshore marine player listed on the Main Board of the Singapore Exchange Securities Trading Limited (the “SGX...
Ship finance market hit bottom in 2017
It turned out that loans offered by the world's 40 largest shipping banks stand at a $345bn level as of the end of 2017, representing about $10bn year-on-year decrease. Petrofin Bank Research of Greece has recently released a repor...
KEB Hana backs Korea Ocean Business Corporation
KEB Hana Bank announced on September 17 that it signed a cooperative agreement with Korea Ocean Business Corporation to provide financial support to the shipping industry. At the signing ceremony presented around 20 representatives from KEB Ha...
TOP Ships announces financing of two NBs
TOP Ships Inc. (the “Company”), an international owner and operator of modern, fuel efficient "ECO" tanker vessels currently focusing on the transportation of petroleum products, announced today that it has obtained non-binding credit committ...
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...
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...
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...
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