Korean Banks Hit Hard by Shipbuilding Woes
After South Korea launched a KRW 11 trillion (USD 9.5 billion) worth fund for state-run banks, the ...
read more →HMM Nets USD 570 Mn Debt-for-Equity Swap Deal
Struggling South Korean shipping company Hyundai Merchant Marine has concluded a deal with its creditors, led by ...
read more →Hanjin Shipping’s Restructuring Cleared
South Korean shipping company Hanjin Shipping has received approval from creditors to move forward with its ...
read more →Hanjin Heavy Gets USD 105 Mn of Financial Aid
South Korean shipbuilder Hanjin Heavy Industries and Construction (HHIC) will receive an additional amount of KRW ...
read more →HMM Gets a Breather from Creditors
Cash-strapped shipping company Hyundai Merchant Marine (HMM) has managed to secure some breathing space from its ...
read more →KDB, Partners Earmark USD 1.2 Bn to Fund Boxships
The Korea Development Bank (KDB) together with four other financial institutions have signed a Memorandum of ...
read more →Shareholders Give Nod to HMM's Capital Reduction
Troubled South Korean shipping company Hyundai Merchant Marine (HMM) has been allowed to stay listed on the local ...
read more →DSME’s Shares Rebound after Aid Deal
Daewoo Shipbuilding and Marine Engineering’s (DSME) shares have made a substantial comeback today as the ...
read more →DSME Eyeing STX France
South Korean Daewoo Shipbuilding & Marine Engineering (DSME) has confirmed its interest in buying a stake in a ...
read more →KSS Line Secures Financing for Its VLGC
South Korean LPG and chemical shipping company KSS Line has signed a financing deal with Korea Development Bank ...
read more →KDB Sets Aside USD 1 Billion for Shipping
The Korea Development Bank (KDB) has made plans to allocate up to USD 1 billion for supporting small and ...
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