Oslo-listed GC Rieber Shipping has extended its undrawn banking facility worth NOK 250m ($42.6m) for a further two years.

GC Rieber extends credit line
The credit facility, which is with Swedish financial institution Handelsbanken, will now run from December 2011 to November 2013, according to the shipowner.

The shipowner said that the loan together with its low gearing and long contract coverage will maintain Reiber’s ”strategic flexibility and competitive advantages”.

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