Stolt-Nielsen closes tanker export credit loan - Trade Finance - News

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Stolt-Nielsen closes tanker export credit loan

08 August 2008

KEIC-backed loan supports the construction of eight parcel tankers for the transportation of chemicals.

Read more: chemical tanker shipping loan export finance KEIC korea insurance corporation norway

Norwegian shipping operator Stolt-Nielsen has closed a $625 million financing for eight parcel tankers.

The...

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Insurance companies like ours are in much better shape than the average European bank. So we have plenty of capital, and we can deploy it very attractively together with banks. This has led to the banks using insurance more and more to allow them to stay in the market.

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