Finance
Latsco secures ship financing for MR tankers
Latsco Shipping, a Greek shipping company operating product carriers and LPG carriers, recently garnered additional ship financing deal for new MR PC series. The shipping outfit, which has raised $131m for five PCs back in 2015 from ING Bank, ...
2018-08-10 07:33:06
Vard delisted from SGX
Vard Holdings has voluntarily decided to delist its stock from Singapore Exchange Limited (SGX). The majority of Vard shareholders agreed to the decision. Also, Fincantieri, which holds an 85% stake in Vard, offered the shareholders SGD 0.25 i...
2018-07-27 07:13:39
"Bureaucratic finance made Sungdong hard"
Roh Hoe-chan, floor leader of the minor opposition Justice Party, had a press conference on July 17 at the National Assembly Building, Seoul, Korea, together with the Korean Metal Workers' Union (KMWU), noting, "The bureaucratic finance has made ...
2018-07-19 07:07:55
KfW IPEX-Bank finances cruise ship for Carnival
Financing for the world's largest leisure travel company, Carnival Corporation & plc: KfW IPEX-Bank is providing approximately EUR 786 million for the construction of a new cruise ship. KfW IPEX-Bank is handling the entire structuring of the ...
2018-07-12 07:27:49
CEXIM provides funds for BC series
It turned out that the Export-Import Bank of China (CEXIM) has recently provided funds to Yangzijiang Shipbuilding (Holdings) Group (YZJ) for supporting the construction of new ships. The CEXIM provides YZJ with $94m-loan for the construction ...
2018-07-12 07:23:49
KfW IPEX-Bank finances cruise ship for Carnival
Financing for the world's largest leisure travel company, Carnival Corporation & plc: KfW IPEX-Bank is providing approximately EUR 786 million for the construction of a new cruise ship. KfW IPEX-Bank is handling the entire structuring of the ...
2018-07-11 07:19:14
Chinese yards rearranging debts
China Ocean Industry Group, the parent group of Jiangxi Shipbuilding signed a debt restructuring deal with another Chinese yard, Zhejiang Ouhua Shipbuilding. Under the agreement, China Ocean Industry is transferring 40% shares in its fully sub...
2018-07-11 07:10:16
STX canceled LOI over RG problem
It is understood that STX Offshore & Shipbuilding (STX O&S) got one of its signed LOIs canceled due to KDB’s refusal on RG. The industry heard the LOI canceled was for one 50,000-dwt MR with a Taiwanese operator Sincere Navigation. ...
2018-07-11 07:09:14
STX missing RG for nine MR tankers?
It is heard that Korea Development Bank (KDB) is withholding RG for nine MR tankers STX Offshore & Shipbuilding (STX O&S) have secured. According to TradeWinds, the bank is withholding RG for two contracts (three unit deal and two unit...
2018-07-10 07:17:12
Korea Ocean Business Corporation opens office
Korea Ocean Business Corporation officially started its operation on July 5, 11 months after the government revealed its intention to establish the corporation. The Ministry of Oceans and Fisheries (MOF) finished legal procedures of establishm...
2018-07-06 06:40:03
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