Hyundai Heavy Industries (HHI) has secured refund guarantees from a group of lenders led by KEB-Hana Bank.
Industry sources cited by the Yonhapy news agency provided no financial details.
But they said the cash relates to a contract for two tankers signed in August by a Greek owner, likely to be Almi Tankers’ deal for two VLCCs at affiliate Hyundai Samho.
The lenders had proved reluctant to provide backing due to their exposure to the struggling Korean shipbuilding industry.
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