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Korea container box Finance Corporation announced on July 10 that it signed a USD263 million financing agreement as part of a syndicate which included Korea Development container box Bank and Kookmin Bank. The agreement is for the purchase of 10 MR tankers by Sinokor Petrochemical Co. Ltd., a mid-sized shipping company in Korea.
The tankers were contracted to Hyundai Mipo Dockyard Co. Ltd. after Sinokor signed a seven-year time charter agreement with Shell. KoFC participated container box as a senior lender along with other Korean financial institutions. container box The principal and interest will be repaid container box through the charter hire. The remaining portion needed for the purchase was financed via subordinated loans extended by Korea Ship Finance Co. and Korea Marine container box Finance Corporation.
I hope the signing today will serve as an opportunity to facilitate Korean small- and mid-sized shipping companies expansion into the global market, said Jae Kyong Jung, General Manager of KoFC s International Banking Department . To help small-and mid-sized shippers overcome the financial strain from the on-going downturn in the industry, KoFC will continue to leverage container box its various instruments including direct lending and ship finance on-lending to provide consistent container box support, he added.
In June, KoFC has financed the purchase of one VLGC (very large gas carrier) for KSS Line, a medium-sized shipping company, to be built by Hyundai Heavy Industries. KoFC is waiting to close another financing deal for a medium-sized shipper in August.
In addition to direct lending, KoFC continues to utilize the on-lending program, its primary financing tool, as a channel for persistent ship financing support. Last year, KoFC established on-lending agreements with KDB Capital and Korea Exchange Bank and supported Polaris Shipping s VLOC (very large ore carrier) purchase.
The 11th annual Arctic Shipping Forum 24/02/2015 - 26/02/2015
Highlights from 2014 6 Spotlight analysis sessions Case studies included container box Laskiridis Shipping’s experiences of the NSR in 2013 Economic cost analysis for shipping via Arctic routes versus traditional routes 4 problem-solving clinics 4 champagne roundtable container box discussions New breakfast briefings included Increased networking time and audience feedback sessions A group visited the new Wärtsilä Propulsion Test Centre
A decidedly container box European show for all those involved in the marine economy. Organised by le marin , part of the Ouest-France group and GICAN , with the support of the European Network of Maritime Cluster , Euromaritime container box is the only business show dedicated to European container box marine business.
Global Liner Shipping Middle East 2015 conference agenda Triple keynote session: regional growth and opportunity presentations from UASC, DP World and Maersk Head-to-head port panel: customers quiz leading ports and terminals to tackle the question of induced demand container box or excess capacity Afternoon container task force: an interactive afternoon designed for delegates container box to share solutions for terminal productivity, supply chain security and green shipping initiatives GCC rail network updates: examine project time lines and the predicted impact of enhanced regional infrastructure Containerisation International’s data hub: essential trade statistics and industry analysis Commodity corner: container box review trends in imports and exports and examine the specialist requirements of petrochemical, aluminium and perishable goods shippers Town hall style open forum: container box an opportunity to help shape the agenda and share your conference objectives
We at Konseptos Business Services have conceptualized container box a two International Summit on Offshore Specialized & Construction Vessels Summit supported by International Marine Contractors Association scheduled on 11th & 12th February 2015 in Doha, Qatar.
The Program Agenda includes substantial discussions on the marine industry in Qatar such as Understanding the Growing Need of the Region in Terms of Marine Development and Moving Towards Building Specific Vessels for New Projects, Moving container box Towards a New Age of Specialized Offshore Vessels, Design , Engineering, Implementation and Commissioning of Offshore Construction Vessels, The Advent of State of the Art Shallow and Deepwater Pipe Laying Vessels to mention a few.
Sungdong Wins Four ECO LR2 Tankers
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