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Dee4 taps Japan for next tranche of financing

Carsten Mortensen-led Dee4 has fixed loans with Japan’s Mizuho Marubeni Leasing (MML) Corporation to finance up to three further vessels.

The first drawdown on this facility will be used to complete Dee4 Capital’s purchase of the Eagle Melbourne, a 2011-built MR tanker set to be renamed Dee4 Fig. Dee4, a private equity firm founded last year, has chartered this ship – the eighth in its fleet – to Norden for up to two years when it delivers in the next few weeks. 

Mortensen commented: “We are delighted to conclude this financing with MML. We believe it demonstrates the growing and continuing strength of the Dee4 business model and strengthens ties with a renowned Japanese institution. We look forward to growing this relationship over the next phase of our development.”

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Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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