Koreas’ export credit agency to back Sonangol financing to help Daewoo Shipbuilding

(Pulse News, Seoul, 2 August 2016) State-run Korea Trade Insurance Corp. (K-sure) will likely provide additional security for two drill ships Daewoo Shipbuilding & Marine Engineering Co. (DSME) made but whose delivery is being stalled because of financial troubles of Angola’s state-run oil company Sonangol, according to the financial authorities and creditors on Monday.