Finance
STX secures R/G for two MR TKs
STX Offshore & Shipbuilding (STX O&S) announced that the shipyard secured refund guarantee (R/G) on August 21 for two mid-sized product/chemical tankers it had bagged from a Greek company. The contract also includes two more opt...
2019-08-22 15:31:29
KOBC provides guarantee for two BCs
The Korea Ocean Business Corporation (KOBC) has decided to provide guarantee worth KRW80bn for two 320,000-dwt bulkers SM KLC (Korea Line Corporation) had ordered at a Korean yard.   Industry sources said that the pair are to be employed f...
2019-08-20 16:04:05
Russia grants $800m for NB LNGC
The Russian government turns out to have allocated subsidies of about RUB 50bn (approximately $800m) to build ice-breaking LNG carriers for the 'Arctic LNG 2' project.  According to a local media outlet, Denis Manturov, Russia's Industry ...
2019-07-22 08:28:56
"Restructuring is up to creditors"
The Ministry of Trade, Industry and Energy (MOTIE) of Korea stated on July 19 that “when Minister Sung Yun-mo met lawmaker Park Jie-won, the minister quoted KDB’s stand that the creditors had not considered the merger of small and mid-sized s...
2019-07-22 08:27:23
Beatrice wind farm refinancing closed
Beatrice Offshore Windfarm Ltd (BOWL), a joint venture between SSE Renewables (40%), Copenhagen Infrastructure Partners (35%) and Red Rock Power Limited (25%), has achieved a successful Financial Close on a refinancing of its senior debt faciliti...
2019-07-17 08:41:44
Tallink Grupp got loan for LNG powered ferry
AS Tallink Grupp's subsidiary Tallink Superfast Ltd. and KfW IPEX-Bank GmbH have signed the loan agreement in the amount of EUR 197,6 million to finance the new EUR 247 million LNG powered fast ferry currently under construction in Rauma Marine C...
2019-07-10 08:43:30
EIB support RoPax newbuilding
The European Investment Bank has signed a EUR 70 million loan with Kvarken Link Oy, a special purpose vehicle jointly owned by the municipalities of Umeå in Sweden and Vaasa in Finland, to acquire a new ferry to transport passengers and vehicles...
2019-07-05 10:20:58
LR in maritime drive for sustainable financing principles.
Eleven major shipping banks, supported by a number of industry strategic partners including Lloyd’s Register (LR), will launch the Poseidon Principles – a pioneering set of principles that will integrate climate considerations into lending de...
2019-06-21 08:40:20
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...
2019-06-19 08:33:19
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...
2019-06-18 08:38:02
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