The Export-Import Bank of Korea (Korea Ex-Im Bank) has agreed a deal to finance newbuildings ordered by the Angelicoussis Shipping Group at South Korean shipyards, following a marketing drive in Greece.
A memorandum of understanding was signed by bank chairman Moon-Kyu Bang and Angelicoussis chief executive Maria Angelicoussis in Athens.
The bank said the agreement calls for it "to provide shipowner financing if Angelicoussis orders large ships [from South] Korean shipbuilders in the future".
