News
16 November 2018

NEXI backs loan to finance ship export to Panama

Region:
Americas, Asia-Pacific

Nippon Export and Investment Insurance is providing loan insurance for MacLin Spring Maritime, in Panama, which is financed by Taiwan's Ta Tong Marine Group, to support its purchase of a bulk carrier built by Oshima Shipbuilding.

NEXI will cover a financing portion provided by Citibank, out of the co-financing set up between Citibank and Japan Bank for International Cooperation.

The TTM Group, a bulk carrier owner and operator, will be purchasing a 55,200 dwt steel carrier built by Oshima Shipbuilding to use it as a chartered vessel for Japanese shipping companies.

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