AsiaFinance and Insurance

Singapore Shipping Corporation charters PCTC to NYK

Photo of Sam Chambers Sam ChambersMarch 10, 2015
38 Less than a minute

Singapore: Singapore-listed Singapore Shipping Corporation (SSCL) has fixed a term loan facility of up to $77m with an unspecified Japanese financial institution to help fund a newbuild pure car truck carrier (PCTC). The 7,000 unit, 200 m long, Japanese-built ship will go on charter to Japan’s Nippon Yusen Kaisha (NYK).

SSCL’s executive director, Ow Yew Heng, said, “The acquisition of three vessels in FY2015 is quite a formidable feat and it has enabled the group to accelerate its fleet expansion program.”

SSCL currently operates six PCTCs.

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Photo of Sam Chambers Sam ChambersMarch 10, 2015
38 Less than a minute
Photo of Sam Chambers

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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