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.
Maritime Reporter February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Shipping Industry Faces Shake Up

As global shipping grapples with its worst downturn in 30 years, private equity firms are unwinding massive bets made on the sector in a move set to accelerate

Gulf of Mexico Oil Production on the Rise

Because of the long timelines associated with Gulf of Mexico (GOM) projects, the recent downturn in oil prices is expected to have minimal direct impact on GOM crude oil production through 2016.

Vessel Sales: February 2015

Vessel sales for February 2015  - (as of March 1) as prepared by Shipping Intelligence, Inc., New York.   Date Reported - Vessel Name - DWT - Built -  - (Age)

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Port Authority Salvage Ship Electronics Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2114 sec (5 req/sec)