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Norden's tanker partner lands EU loan for expansion

The European development bank ERBD has granted a loan of USD 11.4 million to Cyprus-based Interorient Shipmanagement, which, among other things, collaborates with Danish carrier Norden in product tankers.

Cypriot Interorient, who is a partner with the Danish Norden in the Norient Product Pool, has received a loan for USD 11.4 million from the European Bank for Reconstruction and Development (EBRD).

According to Interorient Ship Management, the loan will support the carrier's expansion plans. The development bank writes on its website that Interorient has plans for a series of invesments which will increase the customer base.

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