NH bank to support local manufacturers
The North Jeolla branch of NH Nonghyup Bank announced on June 10 that it will provide emergency loans of about KRW 10bn (about $8.43m) to local shipbuilding and automobile component manufacturers. The financial program aims to support the rele...
Vattenfall issues EUR 500 million green bond
Vattenfall has issued a senior unsecured green bond, giving investors the opportunity to support the transformation of the energy system and the company's vision of a fossil-free future. The proceeds from the bond issue are earmarked for projects...
Sovcomflot secured loan for LNG-fuelled MRs
At the St. Petersburg International Economic Forum, Sovcomflot and VEB.RF Group announced the signing of agreements whereby VEB Leasing will finance the construction of three new LNG-fuelled MR tankers. Sovcomflot initially placed the order ...
NPS says 'yea' to the physical division
The National Pension Service of Korea (NPS) decided to approve the physical division of Hyundai Heavy Industries (HHI) in the coming general meeting of shareholders. NPS’s stewardship expert committee announced such a decision on May 29 afte...
HHIC resumes stock trading, again
Hanjin Heavy Industries and Construction (HHIC) stocks, whose trading was suspended due to the capital impairment caused by HHIC-Phil and capital reduction thereafter, resumes its trading from May 21. The trading of HHIC stocks had been suspen...
Teekay secures money for SHI shuttle tankers
Teekay Offshore Partners raises long-term financial facilities in Norway for four environment-friendly shuttle tankers. Norwegian Export Credit Guarantee Agency (GIEK) of Norway announced that in cooperation with Export Credit Norway, it provi...
KEXIM head visits HSD Engine
Eun Sung-soo, Chairman and President of The Export-Import Bank of Korea (KEXIM), visited his compatriot shipbuilding equipment manufacturer HSD Engine in Changwon, South Gyeongsang Province, Korea, on May 16 to hear difficulties in industry. O...
Busan holds marine finance hub convention
Busan Metropolitan City and the Financial Supervisory Service (FSS) held 'Busan Financial Hub Convention on International Marine Finance' on May 17 at Westin Chosun Busan, Busan City, Korea. The convention, which is in its seventh...
Philippines banks acquire HHIC stocks
The Rizal Commerical Banking Corporation of the Philippines announced on May 17 through a regulatory filing that the bank has acquired 8.53% of shares in Hanjin Heavy Industries and Construction (HHIC). The share amounts to 7,100,129 shares. S...
Maersk Product Tankers completes S&LB deal
Maersk Product Tankers has entered a sale and leaseback agreement for four MR vessels built in 2015 and 2016 with the Industrial and Commercial Bank of China (ICBC). “The agreement will increase financial flexibility and strengthen the finan...
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