Gener8 lands billion dollar loans for Korean newbuildings
Tanker carrier Gener8 Maritime has secured two new credit facilities for its VLCC newbuildings currently under construction in Korea. One credit facility totals upwards of USD 963.7 million and will be used for the newbuildings, while the other facility, from Nordea Bank Finland, is worth USD 581 million and will be spent on refinancing the current fleet, informs the carrier.
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