News Column

Milaha secures $425 finance deal

January 24, 2014

ArabianBusiness.com Staff

Milaha has secured a 12 year US $425 million fixed-term ship financing facility with a consortium banks in Japan . Proceeds from the facility will be utilised by all four joint venture partners to refinance existing debt facilities on four LNG vessels, the Fuwairit, Lusail, Al Thakhira and Al-Deebel. The four vessels are owned by JV companies, wholly-owned by vessel sponsors including the largest shareholder Qatar Shipping Company along with Mitsui O.S.K. Lines , Nippon Yusen Kabushiki Kaisha and Kawasaki Kisen Kaisha and have all been chartered to Ras Laffan Liquefied Natural Gas Company in Qatar on a long-time charter basis. [[banner]] Qatar Shipping owns and operates a fleet of LPG and LNG carriers providing transport services to a wide range of clients, including major international energy and industrial companies. Qatar Shipping partners with some of the largest gas fleet operators such as Mitsui , K-Line , and NYK to provide state-of-the-art tonnage and ship management capabilities.


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Source: ArabianSupplyChain.com


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