EuropeFinance and InsuranceGas

Aurora LPG gets $200m loan for VLGC newbuildings

Aurora LPG has secured a $200m loan from ABN AMRO Bank and Korea Eximbank that will go towards construction costs for four of Aurora’s six newbuildings.

The Oslo-listed company has six 84,000-dwt VLGCs being built at South Korea’s Hyundai Heavy Industries for delivery this year.

Five of the vessels have now secured delivery financing, Aurora said today, adding that construction is “on plan and budget”.

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Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.
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