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KAMCO Shipping Fund(structure)
Based on the experience of successful shipping fund operation through Corporate Restructuring Fund in 2008 Global Financial Crisis, KAMCO raised KAMCO Shipping Fund in 2015 to support shipping industry's smooth restructuring and enhance the asset soundness of financial institutions.
To provide liquidity to domestic shipping industry struggling global downturn of marine business and prevent domestic vessels from being sold to overseas at unreasonably low prices, KAMCO has established ‘Shipping Fund’ since 2015. In 2020, KAMCO launched ‘New Building Shipping fund’ in an effort to effectively support ship-building by expanding the number and types of vessels eligible for support. As the end of 2023, KAMCO has injected $1,682.7 million (￦1,983 billion) to purchase 124 vessels from 25 shipping companies.
In addition, since 2017 KAMCO has participated in the `New Shipbuilding Support Program' with the Korea Shipping and Maritime Transportation to implement government's support policies for shipping industry in various aspects.
KAMCO's contribution to supporting shipping industry was recognized with Editor's Choice Award of `2022 Deal of the Year' selected by the American marine industry magazine, Marine Money, in May 2023. It has been 5th award since KAMCO got its first award in 2011. KAMCO will continue to contribute to raising the credibility of domestic shipping companies and the rebound of shipping industry.
KAMCO Shipping Fund Structure
