Independent journal on economy and transport policy
07:51 GMT+1
This page has been automatically translated by Original news
UASC with banks agrees a financing of 1,25 billion dollars for the construction of portacontainer
draft of seven ships from 14.000 teu and five from 18.000 teu
December 19, 2013
Between the agreements that in this period the shipowning societies conclude with banks in order to finance the renewal and the potenziamento of the fleets or for other business necessities today detach that announced from the United Arab Shipping Company (UASC), that it has announced to have agreed a consorziale credit of huge value, pairs to 1,25 billion dollars, in order to partially finance the construction of seven portacontainer from 14.000 teu and five portacontainer from 18.000 teu.
Such credit is part of a wider financing of the value of 1,74 billion dollars in order to support the investment of 2,30 billion dollars necessary in order to last August construct 17 new portacontenitori ships (ten ordered to Hyundai Heavy Industries - ( on August 30, 2013 - and seven opzionate ships), of which 11 of the unitary ability to 14.000 teu and six from 18.000 teu. Global coordinator of the loan of 1,74 billion dollars it is the branch London of Deutsche Bank.
"In a field to high intensity of vital as the containerized marine transport - the financial director of the UASC, Basil Al-Zaid has commented - is fundamental to invest in new assets in order holding the step with the increase of the market and in order expanding themselves. The constant engagement of our shareholders let alone the excellent support by our regional and international credit institutions has been fundamental in order to conclude with success this financing".
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
Between the agreements that in this period the shipowning societies conclude with banks in order to finance the renewal and the potenziamento of the fleets or for other business necessities today detach that announced from the United Arab Shipping Company (UASC), that it has announced to have agreed a consorziale credit of huge value, pairs to 1,25 billion dollars, in order to partially finance the construction of seven portacontainer from 14.000 teu and five portacontainer from 18.000 teu.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
