Tonnage Bank project

Tonnage Project

Tonnage Bank Project

In case of domestic shipping company is under restructuring, KOBC purchases the company’s ships and leases them back in accordance with policy decision.

Feature and Benefit

  • Support shipping company’s management stability and prevent the outflow of domestic tonnages to overseas by providing emergency liquidity to domestic shipping company.
  • Finding a suitable method for the company which is under restructuring and conducting the project through Emergency response fund etc.

Main support and condition

Main support and condition
ClassificationDetails
Financial structure - Shipping Assets of small and mid-sized shipping companies that have been notified of an insolvent company or have similar indications.
- Shipping Assets of shipping companies in workout program or undergoing corporate rehabilitation.
Investment Amount Within the budget of the Restructuring Support Fund.