Independent journal on economy and transport policy
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UASC has made sure a credit line of the value of 302 million dollars
It will be used in order to finance the acquisition of last the three of the nine portacontainer from 13.100 teu ordered to SHI
February 15, 2011
United Arab Shipping Company (UASC) has made sure a credit line of the value of 302 million dollars that will be used in order to finance the acquisition of last the three of the nine portacontainer A13 of the ordered ability to 13.100 teu from the shipowning company to Samsung Heavy Industries in 2008 ( on 30 June 2008).
Credit line, that it allows to complete the cover financial institution of the investment for the nine ships that piles to 1,5 billion dollars, is financed for 70% from the Export Import Bank of Korea and for 30% from financials institution BNPP (BNP Paribas), Industrial and Commercial Bank of China (ICBC) and Ahli United Bank (AUB).
"Less than three months - he has declared the president and managing director of the UASC, Jørn Hinge - they separate us from the delivery of our first tidy A13 and the definition of this financing reaffirms the constant engagement of the UASC towards the increase of the ability to own fleet in order to more better serve the E region our customers of all the world. We praise the efforts completed everywhere for the success of this financing and the great value of the which laid by confidence in UASC by institutions regional and international financial institutions of this caliper".
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