Loan for FSRU Operation Project of Mitsui O.S.K. Lines, Ltd. in Singapore
Singapore, Dec. 23 -- The Japan Bank for International Cooperation (JBIC) signed on December 22 a loan agreement in project financing amounting to up to approximately USD189 million (JBIC portion) with UnicornMark Discovery Pte. Ltd. (UnicornMark Discovery) in the Republic of Singapore, which is incorporated by Mitsui O.S.K. Lines, Ltd. (MOL). The loan is co-financed with MUFG Bank, Ltd., DBS Bank, Limited, Oversea-Chinese Banking Corporation Limited, and Standard Chartered (Singapore) Ltd. (SC). The loan is intended to finance the funds necessary for UnicornMark Discovery to own a newly built floating storage and regasification unit (FSRU), and provide vessel chartering services including leasing, operation, and maintenance, to Singapore L...
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