IMC secures Japanese financing for Oshima quartet

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.

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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