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Uni-Asia signs up to Korean financing vehicle

Uni-Asia signs up to Korean financing vehicle

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KTB Asset Management, Korea Development Bank (KDB), and Japan’s Uni-Asia have signed a memorandum of understanding where the three will add $300m into KDB’s Ocean Value-up Fund program.

KDB launched the Ocean Value-up Fund Program in 2015 with an initial $1bn budget. It has so far been involved in 12 projects.

In tapping Uni-Asia to join the fund, KDB has brought in a company with extensive ship finance experience and strong ties in Singapore, Hong Kong and Japan.

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Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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