Bahri Dry secures capital for Mipo BCs
Bahri Dry Bulk, a business unit of global transportation and logistics leader Bahri, has announced on January 10 that it has secured a Sharia-compliant funding of SAR 360 million from Bank Albilad, one of the fast-growing banks in Saudi Arabia, t...
Korean shipyards ask for financial supports
After revealing large-scale plans to increase capital by issuing new stocks at the end of 2017, Korean shipbuilders are asking for supports from the government and financial world as they need huge sums of money with the goal of repaying debts in...
Samjong to consult on Sungdong&STX
Samjong KPMG has been chosen to conduct the second phase of due diligence on STX Offshore & Shipbuilding and Sungdong Shipbuilding and Marine Engineering. Last week, according to industrial sources on January 2, the Ministry of Trade, Indu...
CIP's new fund obtains huge commitments
Copenhagen Infrastructure Partners (CIP) recently announced that after 9 months of fundraising, Copenhagen Infrastructure III (CI III), has had its sixth close on December 27, 2017 with total commitments reaching EUR ~2.8 bn. CIP targets a fund s...
SHI to secure RG in rotation
Eight Korean banks are set to issue refund guarantees (RGs) to Samsung Heavy Industries (SHI) in rotation. As it becomes the second beneficiary of the rotating RG issuing system after Hyundai Heavy Industries (HHI) which has the st...
Investment in Dae Sun to be structured
After being rejected recently, the sale of Dae Sun Shipbuilding & Engineering is likely to be carried out based on a 'structured investment deal' method. According to sources from Korean investment bank industry on December 19,...
World Bank Group Announcements at One Planet Summit
World Bank Group announced on December 12 that at the One Planet Summit convened by President Emmanuel Macron of France, United Nations Secretary General Antonio Guterres, and World Bank Group President Jim Yong Kim, the World Bank Group made a n...
HHIC helps HHIC-Phil
Hanjin Heavy Industries & Construction (HHIC) announced on December 11 that the Korean shipbuilder decided to provide a guarantee over a debt worth around KRW 317.086bn (around $290.61m) to its overseas affiliate HHIC-Phil. The amoun...
Teekay secured long-term financing for Yamal carriers
Teekay LNG Partners announced on December 11 that it secured an $816m long-term debt facility to finance all six of the Company’s 50% owned ARC7 LNG carrier newbuildings. scheduled to deliver in January 2018, and the remaining vessels throug...
EIB-Wärtsilä sign EUR125m R&D loan
The European Investment Bank (EIB) and Wärtsilä, a leading Finnish producer of engines for marine and power plant applications, announced on December 4 that they have signed a EUR 125m loan agreement to support the research and development of m...
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