DVB Bank is at the head of a consortium offering up a $275m loan to Oslo IPO hopeful Universal Maritime, it emerged this morning.

Dagfinn Lunde, DVB’s shipping chief.

Norddeutsche Landesbank Girozentrale and UniCredit Bank are the other lenders involved in the five and a half year facility which will help fund the purchase of 10 tankers from Geden Lines.

Details of the loan emerged in Universal’s long-awaited IPO prospectus as it began a potential NOK 1.2bn