The Export-Import Bank of Korea announced on October 15 that it will provide a total of $134.67 million in ship financing for HJ Heavy Industries' export transactions involving two container ships ordered by overseas shipowners.
The support is for two 8,850 TEU container carriers, which are scheduled for delivery in August and October 2027 and will be deployed on global routes. The vessels are designed with a 'Methanol Ready' specification, allowing for future conversion to use methanol as an eco-friendly fuel.
The Export-Import Bank will directly lend part of the necessary funds, while the remainder will be financed through commercial banks based on the bank's guarantees.
This support aims to enhance the export competitiveness of domestic mid-sized shipbuilders amid intensified competition for orders with Chinese shipyards.
An official from the Export-Import Bank stated, "In the current situation where competition for orders with Chinese shipyards is intensifying, it is necessary to provide incentives for overseas reputable shipowners to place orders with domestic mid-sized shipbuilders. We will continue to actively support the enhancement of order competitiveness for domestic mid-sized shipbuilders through tailored policy financing."
* This article has been translated by AI.
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