TheHague-based merchant bank has closed a $38.4m club deal to help finance twoplatform support vessels (PSVs).

InOctober last year Ultrapetrol told investors that it had acquired three PSVresales from an unnamed Chinese yard in a deal worth $96m.

Itis known that two of the vessels will be employed in the North Sea initiallyafter which they will most likely enter into long term charters.

Ultrapetrol