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17 September 2026

South Korea rolls out Arctic vessel finance programme

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Source reporting: Splash247

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South Korea rolls out Arctic vessel finance programme

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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