Korean banks secure new ships for CSAV
Chilean CSAV has secured lending agreements worth USD 347 million from six different banks and can now complete the purchase of seven container ships, a purchase that probably otherwise would have failed.
BY KATRINE GRØNVALD RAUN
CSAV has now managed to secure loans for new container ships, a purchase that was threatened by poor finances. Six banks have agreed to put up lending facilities for a total of USD 347 million for the carrier, which is now able to complete the acquisition of seven new 9,300 teu container ships that are under construction at Korean shipyard Samsung Heavy Industries, says the carrier in a press release.
Already a subscriber?Log in here
Read the whole article
Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
Chilean shipping company headed out of slump
For subscribers
Chilean container carrier in drastic turnaround
For subscribers
.jpg&w=384&q=75)