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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”.