Halul Offshore Services has secured a $60m financing package to help fund its expansion programme.
The offshore arm of Milaha, previously Qatar Navigation, signed the eight-year facility with Japan’s Sumitomo Mitsui Banking Corporation (SMBC).
Halul has been adding new tonnage to its fleet in a bid to beef up its geographical presence.
It acquired two vessels in 2010 and three more 2011 and has already added a pair of vessels to its fleet this year.
Halul
