Financing for Eletson GasCorporate News -
NIBC Shipping & Intermodal entered into a club deal for Eletson Gas LLC for the financing of seven LPG/ethylene carriers. Five 12,000 m3 vessels which will be delivered in 2015 and two 22,000 m3 vessels which will be delivered in 2016.
Eletson Gas is a spin-off of Athens-based Eletson Holding Corporation, which teamed up with Blackstone to expand Eletson’s existing LPG platform and build a leading shipping company in LPG and ethylene transport. Upon delivery of the new-built vessels, Eletson Gas will own and operate 17 vessels, varying in sizes from 12,000 to 35,000 m3, which will make Eletson Gas an important player in the Handysize and Medium-Size segments.