Korea earmarks USD 3 billion for European shipowners
Korea's major state-owned bank (Korea Export-Import Bank) is helping the country's shipyard industry secure orders, as it plans to lend a total of USD 3 billion to European shipowners, writes Asiasis.
BY KATRINE GRØNVALD RAUN
Asian shipyards are fighting to secure orders from European shipowners. Most recently, several Chinese banks have signed contracts with Greek shipowners to finance their newbuildings, to be built at Chinese shipyards. And now the Korean Export-Import Bank (Kexim) joins the fray, according to Asiasis.
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