The Japan Bank for International Cooperation (JBIC) is financing two recent aframax deliveries for Hong Kong’s Tai Chong Cheang Steamship Group (TCC Group).
The lender is backing loans for an unspecified amount in conjunction with BNP Paribas in Tokyo as lead arranger.
The cash will finance the 115,000-dwt CSK Vanguard and KWK Excelcius, delivered from Namura Shipbuilding last year.
JBIC said: “These loans are intended to support the export of ships built by Japanese shipbuilders which perform a significant role in the regional economy and associated industries, including mid-tier enterprises and small and medium-sized enterprises.”
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