Financing a dry bulk carrier for new shipping client ABY Group HoldingCorporate News -
NIBC closed a USD 15.5 million bilateral facility for a new shipping client; ABY Group Holding. The transaction supported the construction of a 60,000-dwt dry bulk vessel currently being built in Japan.
ABY Group Holding is a joint venture between Augustea, Bunge and York Capital Management, specialising in dry bulk shipping.
NIBC’s experience with and commitment to the shipping industry, together with our swift turn-around to be able to provide the necessary financing, were the key factors for ABY Group Holding to team up with NIBC.