Independent journal on economy and transport policy
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Hapag-Lloyd makes sure a renewable credit line of 372 million dollars
the loan will be used in order to finance the construction of five portacontainer from 10.500 teu
October 1, 2015
The company of German navigation Hapag-Lloyd has announced today of being itself insured a renewable credit line of 372 million dollars with expiration to 12 years that is granted by a consortium of international financial institutions constituted by Crédit Agricole, DNV, HSBC and UniCredit.
The company has explained that it will use the loan in order to finance the construction of five portacontainer from 10.500 teu that Hapag-Lloyd has ordered last April to the South Korean ship yard Hyundai Samho Heavy Industries and that the October 2016 and May 2017 will be taken in delivery between ( on 20 April 2015).
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