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Environment-friendly ship support program

Finance for ship introduction

Environment-friendly ship
support

This program is jointly invested by KOBC and KDB for environment-friendly ships (other than container ships) to be introduced by national shipping companies (including second-hands ships).

_{*environment-friendly ships: environment-friendly energy-powered ships or ships equipped with environment-friendly facilities}

Feature and Benefit

Acquisition of beneficiary securities of execution fund under the Capital Market Act as an investment to individual execution fund
Enhancing global market competitiveness of shipping companies by supporting preemptive responses to marine environmental regulations
Service improvement and operating cost reduction by input low-cost and high-efficiency environment-friendly ships
Contribute to the government's environment-friendly ship conversion policy and secure mid- to long-term growth engines for shipping companies

Operation criteria

Operation criteria
Classification	Details
Financial structure	Investment in beneficiary securities under the Capital Market Act
Investment target	New shipbuilding or ships to be purchased
Investment amount	Ship price valuation amount × investment ratio
Investment proportion	About 75% of total investment amount (flexible operation for each project)
Investment period	Within 15 years (Within the residual useful life of the ship based on investment maturity)
Applicable interest rate	Arrangement in consideration of credit rating, investment period, and investment ratio Applicable interest rate = Basic applicable interest rate (according to internal system) ± discount/ premium (considering project feasibility and policy factors)
Repayment method	Set by comprehensive review of support target, project structure, and project feasibility results

Financial structure diagram (examples)

저장

Korea Ocean Business Corporation + KDB Industrial Bank : Investor [Financial Investment (FI)] [Strategic Investor (SI)]
Investor [Financial Investment (FI)] [Strategic Investor (SI)]→Project Execution Fund (KRW/USD):Making decision on internal investment of each investor for individual execution funds
Individual Program Operator→Project Execution Fund (KRW/USD):Individual Execution Fund Management:
Project Execution Fund (KRW/USD) : Execution Fund 1→SPC→Domestic shipping company, Execution Fund 1→SPC→Domestic shipping company, Execution Fund 1→SPC→Domestic shipping company, Execution Fund 1→SPC→Domestic shipping company