$392m Loan Secired for 10 New Chem Tankers

Thursday, December 13, 2007
Samba Financial Group reportedly has signed an agreement with National Chemical Carrier (NCC)for a $392 million (SR1,470) million facility to finance 80 percent of the total cost for building 10 new chemical tankers, according to a report on www.menafn.com. It is considered to be the largest single shipping deal in the history of the local market in terms of amount and number of ships funded by a single bank for a single borrower. According to an official from the shipping company, the deal is within the framework of plans to expand the fleet, which is composed now of 14 vessels with a total capacity of 554,000 tons. By 2011 the company plans to have 32 ships with a total capacity of 1.4 million tons.
Maritime Reporter March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Carnival to Add Nine Ships to Cruise Fleet

Carnival Corporation enters into strategic partnerships to add nine cruise ships to its fleet over a four-year period starting in 2019; shipbuilders Fincantieri

'Run to Remember' by USCG Foundation

The Coast Guard Foundation, a non-profit organization committed to the education and welfare of Coast Guard members and their families, announced this year’s

IMTRA Announces Exclusive Sola-Cure Distributor Partnership

IMTRA announced today through its exclusive North American distributorship of Sola-Cure shades — its line of customizable, high-quality and comprehensive solutions

Ship Sales

Golden Ocean and Knightsbridge Complete Merger

The merger between Knightsbridge Shipping Limited and Golden Ocean Group Limited was approved today at special meetings of both companies' shareholders.      The new company,

No More State Funds, Russia Warns its Ship Builders

Russian Deputy Prime Minister Dmitry Rogozin came down heavily on country's shipbuilders criticizing them for doing a poor job to implement instructions from the

Shipping Losses Lowest in 10 Years

2014 was the safest for world shipping in a decade according to the Allianz Global Corporate & Specialty SE’s (AGCS) third annual Safety and Shipping Review 2015.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Navigation Pod Propulsion Salvage Ship Electronics Ship Repair Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0939 sec (11 req/sec)