We noticed you're blocking ads.

Keep supporting great journalism by turning off your ad blocker.

Questions about why you are seeing this? Contact us

Font Size

- Aa +

Thu 23 Jan 2014 11:49 AM

Font Size

- Aa +

Qatar Navigation unit secures $425m ship financing

Money will be used to refinance existing debt facilities on gas tankers

Qatar Navigation unit secures $425m ship financing

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.

Arabian Business: why we're going behind a paywall

For all the latest transport news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.