The Kuwait-based owner said the cash pays for 75% of the contract price of five 18,000-teu and seven 14,000-teu vessels, two of which are still optional at this stage.
The facility is part of $1.744bn in total debt financing linked to a bill of up to $2.3bn for 17 new hybrid ships it could potentially order at Hyundai Heavy Industries.
The fleet expansion consists of 11 14,000 teu and six 18,000-teu units, of which seven are options and all of which will run on conventional fuel and LNG.
The
