Independent journal on economy and transport policy
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UASC obtains a loan of the value of 205 million dollars
It will be used in order to finance the acquisition of two of the nine portacontainer from 13.100 teu ordered from the company
May 30, 2011
The shipowning company United Arab Shipping Company (UASC) has announced to have obtained a loan of the value of 205 million dollars that are granted by the bank group French Société Générale Corporate & Investment Banking (SG CIB), which Mandated Lead Arranger, and from the Korea Export Insurance Corporation (K-surahs) and that it will be used in order to finance the acquisition of two of the nine portacontainer from 13.100 teu ordered from the UASC to the Samsung Heavy Industries South Korean ( on 30 June 2008).
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