Finance

HMM Acquisition Battle: Hoban Group Emerges as Leading Candidate...

With a 72% Stake in HMM, KDB’s Sale Timing Becomes a ‘Political Variable’ The Korea Development Bank (KDB) and the Korea Ocean Business Corporation (KOBC), which jointly hold a stake in HMM, recently increased their..

News > Finance > 2025-05-14 09:25:13

National Pension Service Increases Stake in Hanwha Engine…“Expecting Benefits from Shipbuilding Boom”

As the shipbuilding industry shows a clear recovery, the National Pension Service (NPS) has increased its stake in Hanwha Engine, a leading manufacturer of marine engines, signaling strong expectations for its potential as a major playe..

News > Finance > 2025-05-07 10:50:37

KDB Accelerates Public Fund Recovery

Hanwha Ocean Stake Sale Sends Ripples Through Shipping Sector Korea Development Bank (KDB) is moving forward with its plan to unwind equity stakes in domestic shipbuilding and shipping firms, raising concerns across the industry over..

News > Finance > 2025-05-07 08:49:37

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