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...
"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...
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...
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 ...
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...
YZJ sets up ship leasing subsidiary
Yangzijiang Shipbuilding (Holdings) Group (YZJ), one of the largest privately-owned shipbuilders in China, sets up a ship leasing & chartering subsidiary in Singapore. YZJ announced through the Singapore Exchange (SGX) on January 10 ...
Arklow secures BC financing
Irish shipping firm Arklow Shipping is understood to have secured a financing for the construction of its new bulkers. According to foreign media, the company is provided with EUR51m of financing for 16,500-dwt short sea bulkers from KfW IPEX-...
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...
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