JBIC loans $190 mln to NYK Line’s LNG shipping unit

The Japan Bank for International Cooperation recently granted a loan to Rosewood Shipping, a NYK Line unit based in Singapore, to finance its LNG shipping business. 

According to a statement by JBIC, a loan in the amount of US$133 million will be used to finance Rosewood’s shipping business that includes LNG carriers for transporting the chilled gas from Cameron LNG project in the United States to Japan.

The loan is cofinanced with the Bank of Tokyo-Mitsubishi UFJ bringing the total loan amount to $190 million.

JBIC has also loaned $2.5 billion in August 2014 to be used to finance the Cameron LNG project currently under construction in Hackberry, Louisiana.

Cameron LNG is a joint venture owned by affiliates of Sempra Energy, GDF Suez, Mitsui & Co. and Japan LNG Investment, a joint venture formed by affiliates of Mitsubishi Corporation and Nippon Yusen Kabushiki Kaisha.

LNG World News Staff