Finance
Standard Chartered Bank joins TradeLens
Standard Chartered Bank announced on March 10 that it has joined TradeLens, a blockchain-enabled digital container logistics platform, jointly developed by A.P. Moller – Maersk (MAERSKb.CO) and IBM (NYSE: IBM), making Standard Chartered Bank th...
2020-03-13 09:46:52
HSHI issues company stock
Hyundai Samho Heavy Industries (HSHI) turns out to have raised KRW 150bn (approximately $124m) in corporate bond market.  According to a Korean investment bank (IB) source, HSHI issued company stock of KRW 150bn on March 10 with the goal ...
2020-03-13 09:12:49
'SeaTech' secures project funds from EU
A consortium consisting of seven global industrial and academic partners including Wartsila turn out to have gotten financial supports from the European Union (EU) for its project for ship fuel and emission reduction.  By developing advan...
2020-03-11 09:16:52
Consortium led by ABS granted EU funding
ABS announced on March 4 that a consortium led by ABS has been granted EU funding for a study on the future of the Ship Energy Efficiency Design Index (EEDI). ABS, Vessel Performance Solutions (VPS), and Arcsilea Ltd formed a consortium to del...
2020-03-10 09:14:21
SeaTech project gets EU funding
The technology group Wärtsilä announced on March 2 that Wärtsilä, together with a consortium of six other industry and academic partners, has been awarded EU funding for a major project aimed at reducing fuel consumption and lowering emissi...
2020-03-05 09:45:55
SEA-LNG informs ROI for LNG fulled ore carrier
Global multi-sector industry coalition SEA-LNG announced on February 27 that it has released the results of its latest independent investment study, which highlights the commercial benefits of LNG as a marine fuel for a newbuild 210K DWT Ore Car...
2020-03-04 09:20:01
Hunter signs binding agreement
Hunter Tankers AS (the “Company”), a wholly owned subsidiary of Hunter Group ASA, announced on February 20 that it has signed a binding agreement for a $220m loan facility from a  syndicate of banks consisting of Danske Bank, DNB, No...
2020-02-25 09:49:20
Korean MOF supports finance
Ministry of Oceans and Fisheries (MOF) announced on February 6 that it had selected 15 ship operators companies resulting from 2020 eco-friendly improved secondary conservation project in public contest.  MOF will provide these companies w...
2020-02-17 09:12:18
HHI Holdings to buy back and cancel shares
Hyundai Heavy Industries (HHI) Holdings held a board meeting on February 6 and resolved to buy back and cancel its 488,000 shares worth KRW 129.3bn (about $108m), representing 3% of HHI Holdings' entire share issue.  The stock purchase pe...
2020-02-10 09:18:02
Korean government supports fleet modernization
South Korea announced on Wednesday that it has revealed financial products worth KRW 820bn to help modernize time-worn liner and cargo ships.  The financial products are aimed at supporting smaller shipping companies to construct 59 new...
2020-02-07 09:15:03
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