Perspective
16 September 2013
U-Ming secures JBIC and Citi co-financing
Region:
Asia-Pacific
Taiwan Stock Exchange-listed shipping operator U-Ming Marine Transport has secured buyer credit agreements for the purchase of three 84,000DWT class bulk carriers from Sumitomo Corporation. The total value of the deal is approximately $81.1 million, equally split between JBIC and Citibank Japan. Nippon Export and Investment Insurance (Nexi) is providing buyer credit insurance for the Citi portion.
