Hanjin Signs $150M Commercial Paper In U.S.

Tuesday, November 21, 2000

South Korea's shipping container operator Hanjin Shipping reportedly signed a deal with ABN AMRO Bank to issue $150 million in asset-backed commercial paper in the United States. ABN AMRO lead managed the issues backed by outstanding freight fares overseas owed to Hanjin at a 1.05 percent rate above LIBOR (London Inter-Bank Offered Rate). The bonds will carry a three-year maturity and the funds, to be deposited in early December, would be used to pay off debt, the company said in a statement.

advertise here

Maritime Reporter May 2013 Digital Edition

FREE Maritime Reporter Subscription

Latest Maritime News

Navy Shipyard Puget Sound Seeks Volunteer Workers

Why TWIC?

LNG Changeover Log-jam in N. American ECA

USS Nimitz Indian Ocean Shipboad Fire Extinguished

What You Need to Know to Operate Offshore Brazil

Maritime Jobs

Senior Technical Lead

Director of C&N USA Yacht Management Division

Deputy Exec Dir. & Maritime Security Dir., GMC

Marine Mechanical Engineer

PORT ENGINEER

Finance

STX Shipbuilding Shares on a Roll

South Korean shares rebounded Tuesday from the prior session's fall as local institutions rushed to hunt for bargains on views that the recent decline was excessive.

Reducing Costs of Shipbuilding: NSRP Issue Research Notice

The National Shipbuilding Research Program (NSRP) plans to issue a research announcement in August, 2013 & in the meantime issues this pre-solicitation notice in

Boatbuilding Booms as More Americans Take to the Water:

New data from The National Marine Manufacturers Association (NMMA) show 88 million Americans expected to take to U.S. waterways this summer. NMMA add that recreational boating in the U.

Maritime Contracts Maritime Security Maritime Standards Navigation Offshore Oil Pod Propulsion Salvage Ship Simulators Sonar Winch