Global Trade Alert
Global Trade Alert

Republic of Korea: K-SURE provides USD 350 million guarantee to support delivery of tankers by K Shipbuilding to the US

Announcement

07 Aug 2025

In August 2025, the Korea Trade Insurance Corporation (K-SURE) announced a USD 350 million guarantee package to support the delivery of tankers built by Korean company K Shipbuilding to US company International Seaways (INSW).

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

07 Aug 2025

Revocation date:

No revocation date

Updated: 07 Aug 2025
Trade finance In force

On 7 August 2025, the Korea Trade Insurance Corporation (K-SURE) announced providing a USD 50 million refund guarantee (RG) for Korean company K Shipbuilding to support the delivery of tankers to U...

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Updated: 07 Aug 2025
Trade finance In force

On 7 August 2025, the Korea Trade Insurance Corporation (K-SURE) announced providing a USD 300 million ship purchase financing guarantee for US company International Seaways (INSW) to support the d...

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