Let’s Together Shipping Fund

Korea Development Bank has established a KRW 2 trillion won (USD 1.6 billion) distressed asset fund to support the domestic shipping industry. We will be providing more details as well as a highlight on the differences between KDB’s fund and state-run debt-clearing agency Korea Asset Management Corp (Kamco)’s fund in the next issue of Marine Money Asia. Stay tuned.

Marine Money in Seoul, with KDB and Miami with DVB

Marine Money is deeply grateful to our partners, all our vital sponsors, speakers and attendees.  We have seen the beneficial impact of our Marine Money gatherings around the globe this fall as the economic challenges besetting nations are tackled on a micro level by the world’s most experienced international traders – the shipping industry and its capital sources.  Watching the machinations of a single industry find its way forward as we have in Ireland, Greece, New York and Singapore, fills us with confidence that our corner of the global financial malaise will be well dealt with.  We salute all our readers, delegates, sponsors and valued partners for standing up to challenges which daily seem to bring other industry’s to the government trough.

The week of November 17 sees Marine Money and a community of owners, financiers  and industry professionals gathering in both Seoul, Korea and Miami, Florida, USA.  In keeping with the recent global events large turnouts are set for both locations.  Korea, in partnership with KDB, Korea Development Bank, will see more than 200 owners, shipyards and international financial professionals congregate to examine the best ways forward in a difficult market. While in Miami, with partner DVB Bank, a cross section of the Americas will gather to explore ways ahead.

Soc. Gen and KDB Get Mandate for Hanjin’s $200M Facility for Newbuildings