Nordea and DnB NOR are set to hand over $720m to a US player toward the purchase of 30 products tankers.

Nordic lending powers Nordea and DnB NOR are set to trot out a $720m syndication supporting Diamond S Shipping’s newly announced acquisition of 30 products tankers from Cido Shipping.

The transaction underscores the point that big syndications are still possible in shipping with the right combination of factors — not least the high-quality team of equity investors backing Diamond S — explains Ronny Bjornadal, head of syndications at Nordea.

“It’s