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IMC secures Japanese financing for Oshima quartet
The Japan Bank for International Cooperation (JBIC) has signed buyer’s credit agreements worth up to $60m to fund the purchase of four multipurpose vessels with Singapore’s IMC Holdings. The loans are cofinanced with Citibank and BNP Paribas bringing the overall co-financing amount to $120m for the four vessels, with Nippon Export and Investment Insurance (NEXI) providing insurance for the portion co-financed by the commercial financial institutions.
IMC has come in for two 64,400 dwt and two 64,300 dwt multipurpose vessels at Japan’s Oshima Shipbuilding.