Marine Link
Tuesday, October 25, 2016

Nepline to Buy Tankers

November 16, 2006

Nepline is purchasing four aframax tankers, reports said. The company is looking to purchase two new as well as two second-hand aframax tankers. Plans to buy the tankers will likely be announced by year-end, the source said, adding that Nepline will finance the purchase by issuing up to RM170 million Islamic bonds. In August, Nepline informed Bursa Malaysia that the Securities Commission had approved the proposed issuance of Sukuk papers by Nepline SPV Sdn Bhd, a wholly-owned subsidiary of the company. The papers carry a tenure of between one and 10 years, Nepline said in the statement to Bursa Malaysia. source: Business Times

Maritime Reporter Magazine Cover Oct 2016 - Marine Design Annual

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News