South Korea rolls out Arctic vessel finance programme
Splash 247 · Sep 17, 2026
South Korea is putting fresh financial muscle behind its Arctic shipping drive, with the Korea Ocean Business Corporation launching a KRW120bn ($87m) annual investment programme for icebreakers and ice-class commercial ships. The programme is open to Korean owners acquiring either newbuildings or secondhand tonnage for Northern Sea Route trades, with no restriction on ship type. …
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