Qatar Navigation unit secures $425m ship financing

  • Share via facebook
  • Tweet this
  • Bookmark and Share

Qatar Shipping, a unit Qatar Navigation, has secured a 12-year, QAR1.55bn ($425.65m) loan from a consortium of international banks, according to a bourse filing on Thursday.

The money will be used to refinance existing debt facilities on four liquefied natural gas tankers, the statement said.

The lending banks include Standard Chartered, Mizuho Bank and Bank of Tokyo Mitsubishi UFJ.

Related:
Companies

Market Performance

Qatar Navigation
101.0
0.0 0.0 (%)
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Cracking the code

Cracking the code

Strategic codeshare agreements are a win-win situation for gulf...

Stronger together? Reviewing Emirates' historic partnership with Qantas

Stronger together? Reviewing Emirates' historic partnership with Qantas

One year after the “historic” Emirates-Qantas partnership deal...

Air Arabia to use tried and tested model in Ras Al Khaimah

Air Arabia to use tried and tested model in Ras Al Khaimah

Air Arabia signed an agreement last month to become the official...

Most Discussed