London bunker and tanker group has added to its cash pot ahead of IMO 2020 with a new Asian finance deal.
The company said it has renewed and increased its receivables finance facility in the region, taking its overall bank liquidity to more than $800m.
The Asian financing, led by HSBC and also involving United Overseas Bank, has been boosted from $225m to $285m, with both lenders increasing their ticket sizes and extending the deal by two years.
