Algoma Central Corporation

Algoma Central Corporation - K-Sure Covered Financing

Industry
Transport/Cargo ship
Area of finance
Export & Agency Finance
Region
North America
North America
Countries
Canada

Deal Overview

The transaction, supported by K-SURE, the Korean Export Credit Agency, involves the financing of two new build tankers built by the Hyundai Mipo Shipyard in South Korea. The vessels will be time chartered to Irving Oil, a leading Canadian energy company, under long-term charters, and will serve the...

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Deal Volume
$71.91m
Financial Close
27/02/2025
Dealmakers
Sources
Submitted by participant(s),

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Tranches

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Assets

Asset Type: Manufacturer:
Shipping Hyundai Mipo Dockyard