Search results for: KDB

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  • 3 October 2014
    Business & Finance

    The Korea Development Bank (KDB) has made plans to allocate up to USD 1 billion for supporting small and medium-sized shipping companies.The state-run bank said that it will launch the “KDB Ocean Value-up Fund” within this year to sharpen the competitiveness of the local marine industry. The fund is expected to help firms build new […]

  • 2 June 2020
    Business & Finance, Business developments & projects

    South Korean shipbuilding giant Hyundai Heavy Industries (HHI) has obtained a green syndicated loan worth ₩480 billion ($388 million) from the Korea Development Bank (KDB) and other banks.

  • 12 February 2019
    Business & Finance

    Hyundai Heavy is to sign a formal deal to acquire compatriot rival DSME.

  • 28 November 2011

    The Royal Brunei Navy (RBN) marked another significant event with the commissioning of a new Fast Interceptor Boat (FIB 25-012) named KDB MUSTAED. The commissioning was inaugurated by First Admiral Dato Seri Pahlawan Haji Abdul Halim bin Haji Mohd Hanifah, Commander RBN who was also the Guest of Honor during the ceremony at the RBN […]

  • 27 November 2017
    Business & Finance

    STX Offshore and Shipbuilding’s main creditor, Korea Development Bank (KDB), has issued refund guarantees for eight newbuilding orders the troubled shipbuilder secured earlier this year. The said guarantees relate to two 50,000 dwt product tankers ordered by a Greek owner Oceangold Tankers,  two 11,200-DWT tankers ordered by Woolim Shipping Co. and four 50,000 dwt product tankers ordered […]

  • 14 November 2011

    The Royal Brunei Armed Forces reached another significant milestone with the official acceptance of a Fast Interceptor Boat (FIB25-012), named KDB MUSTAED. On 26th March 2010, the Government of His Majesty Sultan and Yang Di-Pertuan of Negara Brunei Darussalam, represented by the Ministry of Defence, Negara Brunei Darussalam signed an agreement with Luerssen Asia Pte.Ltd., […]

  • 3 January 2017
    Business & Finance

    The state-run Korea Development Bank (KDB) has increased its stake in the South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co. (DSME), according to a stock exchange filing. Namely, KDB, one of DSME’s main creditors, increased its ownership in the shipbuilder from 49.74 percent to 79.04 percent through a debt to equity swap. In November 2016, […]

  • 12 August 2011

    The Royal Brunei Armed Forces recorded another significant milestone in its history with the official acceptance of the final DARUSSALAM Class Patrol Vessels, namely KDB DARULAMAN. KDB DARULAMAN is the last of the DARUSSALAM class, which have been commissioned to Luerssen Shipyard by the Government of His Majesty the Sultan and Yang Di-Pertuan of Brunei […]

  • 14 November 2011

    The Royal Brunei Armed Forces reached another significant milestone with the official acceptance of a Fast Interceptor Boat (FIB25-012), named KDB MUSTAED. On 26th March 2010, the Government of His Majesty Sultan and Yang Di-Pertuan of Negara Brunei Darussalam, represented by the Ministry of Defence, Negara Brunei Darussalam signed an agreement with Luerssen Asia Pte.Ltd., […]

  • 12 August 2011

    The Royal Brunei Armed Forces recorded another significant milestone in its history with the official acceptance of the final DARUSSALAM Class Patrol Vessels, namely KDB DARULAMAN. KDB DARULAMAN is the last of the DARUSSALAM class, which have been commissioned to Luerssen Shipyard by the Government of His Majesty the Sultan and Yang Di-Pertuan of Brunei […]

  • 21 March 2016
    Business & Finance

    The Korea Development Bank (KDB) together with four other financial institutions have signed a Memorandum of Understanding worth USD 1.2 billion to support compatriot container shipping companies in their newbuilding programs. The other four include the Export-Import Bank of Korea, Trade Insurance Corporation, KAMCO and KDB Capital. The support will be streamlined through a fund, […]

  • 2 July 2019
    Business & Finance

    Hyundai Heavy submitted a request for the formal approval from the South Korea’s Fair Trade Commission.

  • 8 March 2019
    Business & Finance

    HHI signs a formal deal to proceed with the acquisition of DSME. 

  • 8 March 2019
    Project & Tenders

    South Korean shipbuilder Hyundai Heavy Industries has signed the formal deal with Korea Development Bank to complete the purchase of its compatriot Daewoo Shipbuilding & Marine Engineering.

  • 21 July 2016
    Business & Finance

    Samsung Electronics intends to buy more shares of the financially struggling affiliate Samsung Heavy Industries (SHI), adding that the company will not abandon the shipbuilding business, The Korea Times reports. Samsung will take part in SHI’s rights issue as a sign of belief in a positive turnaround after SHI carries out self-restructuring programs. The company did not disclose […]

  • 19 July 2016
    Business & Finance

    South Korean shipping company Hyundai Merchant Marine (HMM) might get its first foreign Chief Executive Officer (CEO) once the company officially becomes a subsidiary of the state-run Korea Development Bank (KDB) at the beginning of August, The Korea Times reports. KDB and the remaining creditors plan to appoint the new leadership at HMM on August 5, once the […]

  • 23 May 2017
    Business & Finance

    The restructuring of the financially-troubled South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) will go ahead as Korean Development Bank (KDB) plans to inject fresh funds to support the bailout plan despite the opposition from an individual investor, the Korea Herald reports citing the bank as saying. “One investor opposing the funds is not […]

  • 30 August 2016
    Business & Finance

    The ailing South Korean container carrier Hanjin Shipping has taken a step toward bankruptcy as its creditors said they would not provide additional financial support to the company. The creditors, led by state-run Korea Development Bank (KDB), said they would halt financial support for the company as of September 4, Reuters cited KDB. Namely, Hanjin Shipping’s self-rescue plan fell […]

  • 12 May 2015
    Business & Finance

    South Korean Daewoo Shipbuilding & Marine Engineering (DSME) has confirmed its interest in buying a stake in a Saint Nazaire-headquartered shipbuilder STX France. Reacting to recent speculations made in the French press, DSME said that it received the offer documents for the sale of the stake, but that no specifics had been agreed upon at the time. DSME […]

  • 29 May 2018
    Business & Finance

    Korea Development Bank (KDB) collected up to KRW 300 billion by issuing green bonds on May 29.

  • 19 February 2019
    Business & Finance

    The precise date for the strike would be determined at a later point in time.

  • 3 October 2016
    Business & Finance

    Navig8 Chemical Tankers has cancelled contracts to construct five 49,000 dwt medium range tankers at South Korean STX Offshore & Shipbuilding. The five Interline-coated tankers, which were ordered in October and December of 2015, respectively, were scheduled for delivery during 2017. Navig8 Chemical Tankers said that all pre-delivery instalments previously paid to STX with respect to the cancelled […]