The loan is based on afour-year Commodity Murabahah Financing Facility and has been arranged with MaybankSingapore.

The accommodation barge has been deployed tosupport its oil and gas activities in offshore Abu Dhabi since January 2013.

Singapore-listed AtlanticNavigation owns, operates and charters a fleet of 13 offshore support vessels primarilyin the Middle East and India.

The company recentlyannounced a first quarter net profit of $1.95m,