Content area
Full text
Dubai: united Arab Shipping Company (UASC) has said it has concluded a $205 million (Dh752.8 million) term loan facility with Société Générale Corporate and investment Banking (SGClB) to fin-ance the acquisition of two A13 (13,100 TEU) vessels. SGClB will act as Mandated Lead Arranger. UASC has ordered nine Al3s.
The shipping company statement said the term loan facility is an optimised financing solution provided by SGCIB to UASC for two of its A13 vessels, comprising a combination of a lease and export credit covered by the Korean Export Credit Agency, (ksure). Jörn Hinge, president and chief executive officer of UASC,...