Independent journal on economy and transport policy
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UASC obtains a financing for two new portacontainer from 14.000 teu
Credit line of 190 million dollars granted from Burgan Bank
May 26, 2014
The shipowning company United Arab Shipping Company (UASC) has announced to have agreed with the financial institution Kuwaiti Burgan Bank a credit line of the value of 190 million dollars in order to finance the acquisition of two new portacontainer from 14.000 teu that they take part of the program of new constructions of the Middle Eastern company, that includes eleven ships from 14.000 teu and six from 18.000 teu ordered to the navalmeccanico group Hyundai Heavy Industries (HHI) and that they will be taken in delivery beginning from the fourth trimester of this year.
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