Aker American Shipping SecuresFinancing for Tankers

Tuesday, February 13, 2007
Senior secured credit facility of $770m with Fortis closed at delivery of first tanker Aker American Shipping has, concurrently with the delivery of the first Product Tanker, closed a senior secured credit facility of $770m with Fortis as Agent, financing its long term ownership of the first 10 vessels. The facility secures permanent financing for the first 10 product tankers and provides for an advance of $80m per vessel. The facility refinances the $350m facility currently in place for the first five product tankers that provided for an advance of $70m per vessel. AKASA has also entered into interest rate swaps, which secure the interest rate of the new credit facility.
Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Cruise Ship Trends

Carnival UK Announces Executive Appointments

David Dingle appointed chairman of Carnival UK; David Noyes promoted to chief executive officer Carnival Corporation & plc announced that David Dingle has been

Holland America Line Offers Diverse Options in Premium Cruising

Travelers looking for an intimate, mid-sized cruise experience in the Caribbean have 126 itineraries to choose from during Holland America Line’s 2014-15 Caribbean season.

Holland America Line Promotes Christine Thurlow

Holland America Line has promoted Christine Thurlow to director of national accounts sales, North America, on the company’s National Accounts Sales team.   Thurlow will report to Charles J.

Tanker Trends

Ceremony Marks the Construction of 5 American Tankers

General Dynamics NASSCO and City of San Diego Mayor Kevin Faulconer today signaled the start of construction of five American Petroleum Tankers at a steel cutting ceremony for the first tanker,

Britain Loses Europe's Gas Trading Crown to the Dutch

Britain has been topped by the Netherlands as Europe's leading natural gas trading hub this summer, ending decades of British dominance in the sector. Britain

American Maritime Industry Booming Testifies AMP

The U.S. House Subcommittee on Coast Guard and Maritime Transportation today heard first hand about America’s booming domestic maritime industry from Mark Tabbutt,

 
 
Maritime Contracts Maritime Standards Naval Architecture Pipelines Pod Propulsion Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
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: 0.1082 sec (9 req/sec)