NIBC in club deal to finance tankers for Navig8

Corporate News -

NIBC´s Shipping & Intermodal team entered into a USD 254 million club deal for Navig8 Product Tankers Inc., providing post-delivery financing for eight product tankers – vessels that transport refined oil products either between refineries or to the end-user.

Navig8 Product Tankers is listed on the Norway OTC exchange and its fleet is commercially and technically managed by the Navig8 Group, one of the world’s largest independent pool and commercial management companies, managing a variety of vessels in the drybulk, product, crude and chemical sectors. The vessels will be placed in the Alpha8 LR2 Pool.

The vessels are medium-sized long-range 2 (LR2) eco design product tankers, capable of carrying a dead weight tonnage of 115,000 dwt. South Korean company Sungdong is building the ships, which will be delivered in 2015 and 2016.

NIBC closed the club deal together with other European banks including DVB Bank, BNP Paribas, Credit Agricole Corporate and Investment Bank and Swedbank. 

Welcome to

We, NIBC Bank N.V., use functional cookies to ensure that this website works properly. We’d also like to place optional analytical cookies on your device which enable us to collect information about the use of this website, so that we can offer you an optimised website experience. You can choose not to provide your consent for the use of analytical cookies. If you do consent, you can withdraw your consent at any time. You can find more information in our Cookie Policy and our Privacy Statement.

Call me back
Please fill out your name Onderwerp is verplicht Please fill out your telephone number