Finance

HSG Sungdong Shifts Focus to Offshore Wind as Core Business

HSG Sungdong Shipbuilding has secured KRW 210 billion (USD 155 million) in new investment as it pivots toward offshore wind substructure manufacturing as its future growth engine. This marks a strategic move away from conventional sh..

News > Finance > 2025-05-02 09:10:29

KDB Sells Hanwha Ocean Stake via Block Deal

Korea Development Bank (KDB) has initiated the divestment of its stake in Hanwha Ocean, marking a significant step toward the reshaping of South Korea’s shipbuilding landscape. On April 28, KDB announced it had sold approximate..

News > Finance > 2025-04-30 09:43:30

Korean government expands RG support to boost mid-sized shipbuilders

On April 9, the South Korean government announced a plan to expand the issuance of Refund Guarantees (RGs) for shipbuilders during an Economic Ministers' Meeting, aiming to enhance financial support for mid-sized shipyards and boost..

News > Finance > 2025-04-09 17:26:17

Korea to reform RG system for mid-sized yards

Financial authorities in South Korea sets up a guideline and come forward to reform systems with the goal of helping mid-sized shipyards to have more refund guarantee (RG). Kim Byung-hwan, the head of the Financial Services Commissio..

News > Finance > 2025-03-24 13:45:25

Hanwha Ocean Clears 'Deficit' from Daewoo Shipbuilding Era

Hanwha Ocean has completely resolved the accumulated deficits that had persisted since the Daewoo Shipbuilding & Marine Engineering (DSME) era. At the time of acquisition negotiations between Hanwha Group and Korea Development Bank..

News > Finance > 2025-03-11 12:24:24

Econowind secures EUR 1m investment

Dutch company Econowind, based in Zeewolde, announced on February 18 that it has secured €1 million in development capital from Invest International to advance and test its VentoFoil XL, a 24-30 meter high steel wind sail inspired ..

News > Finance > 2025-02-19 09:02:23

Hapag chooses green financing for ships

Hapag-Lloyd will use green financings for the 24 large container ships which were ordered in October 2024. The newbuildings will have a combined capacity of 312,000 TEU and involve a combined investment volume of around USD 4 billion. ..

News > Finance > 2025-02-07 09:40:29

H2Carrier signs MOU to boost green solutions

H2Carrier and Greenstat Hydrogen India Sign MoU to Advance Green Hydrogen and Ammonia Solutions. Bergen/Oslo 2nd January 2025 – Greenstat Hydrogen India (GHI), a leading developer of green hydrogen and its derivatives, and H2Ca..

News > Finance > 2025-01-06 09:09:24

BW LPG acquires all 12 VLGCs from Avance Gas

With reference to the stock exchange announcement on 15 August 2024 for the acquisition of 12 modern Very Large Gas Carriers (VLGCs) from Avance Gas Holdings Ltd., BW LPG Limited has taken delivery of vessel BW Avior on 31 December 2024..

News > Finance > 2025-01-03 09:14:26

Golar acquires outstanding minority interests for FLNG Hilli

Golar LNG Limited ("Golar" or "the Company") is pleased to announce that the company has acquired Seatrium’s and Black & Veatch’s minority ownership interests in the FLNG Hilli. The acquisitions compr..

News > Finance > 2024-12-27 09:15:01