HHI secures $388 million green loan

first_imgHyundai Heavy will allegedly use the funding to develop technologies for LNG carriers. Categories: Green loans are used for financing projects that support the shift to a low-carbon future. This particular green loan is linked to environmentally friendly shipbuilding. Qatar Petroleum inks $19.2 bln LNG shipbuilding deal Posted: 3 months ago The South Korean shipbuilding industry has seen a surge in LNG carrier orders over the last few months. Earlier this week, HHI and compatriot shipbuilders Samsung Heavy Industries (SHI) and Daewoo Shipbuilding & Marine Engineering (DSME) have inked a major deal amounting to ₩23.6 trillion to reserve their LNG shipbuilding capacity in order to meet future orders from Qatar. Posted: 3 months ago Specifically, KDB has provided a sum of ₩350 billion, while HSBC, ICBC and the KDB affiliate have awarded ₩ 130 billion to HHI, Yonhap News Agency reported. On 29 May 2020, HHI signed an agreement in Seoul with South Korea state bank KDB; its affiliate KDB Capital; Industrial and Commercial Bank of China’s (ICBC) Seoul branch and HSBC Korea. 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.last_img read more

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