Circle Maritime Invest secures financing for two AHTS vessels

Kazakhstan-based offshore vessel supplier Circle Maritime Invest has secured a 6-year loan of $14m from the European Bank for Reconstruction and Development to partly finance the acquisition of two anchor handling tug supply vessels.

The two vessels will be chartered by Dragon Oil Turkmenistan and be employed for the initial charter period in the Turkmenistan sector of the Caspian Sea in connection with the development of the Cheleken oilfield.

Circle Maritime Invest mainly provides transportation and logistics services to oil and gas companies engaged in oil development projects in Kazakhstan. Through its operating company, Caspian Offshore Construction, Circle currently operates a fleet of 15 vessels including 9 self-owned and 6 under management.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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