The Middle East company said the facilitywill fund two 14,000-teu vessels at Hyundai Heavy Industries (HHI).
They are part of the owner’s 17-shipnewbuilding programme, which consists of 11 14,000-teu vessels and six18,000-teu giants.
The dual-fuel ships are due from the fourthquarter of 2014.
Basil Al Zaid, UASC CFO, said: “Burgan Bankhas showed strong support for the project from the initial stages, workingalongside other stakeholders to ensure the successful implementation of UASC’sfinancial strategy and expansion plans to offer comprehensive and cost-competitive shipping solutions to clients worldwide.”
