Maran-Nakilat JV Secures Financing for More LNG Carriers

Nakilat has secured a second refinancing loan for its joint venture with Maran Ventures. Nakilat has signed the loan facility, worth USD 669 million, with QNB Group, Qatari-owned commercial bank.

The loan will be used to refinance two existing LNG vessels and purchase two additional newbuild LNG vessels by the Maran Nakilat Co. Ltd joint venture.

Through the two transactions in recent months, Nakilat has arranged a combined total of US $1.33 billion in refinancing for its Maran Nakilat Co. Ltd.

The two newbuild vessels are currently under construction in South Korea. Upon delivery, Nakilat’s fleet will have up to 58 ships.

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World Maritime News Staff, January 30, 2014; Image: Nakilat