Soechi Lines has put pen to paper on a syndicated loan of $180m.
Standard Chartered and Bank Mandiri will provide the five-year facility to the Indonesian owner.
Soechi had been pondering a new loan for several months to finance vessel acquisitions.
The loan is also expected to be used for cost reduction.
Finance director Paula Marlina told Indonesian media in June that the company was going to spend $30m to $50m to acquire three to four oil tankers this year.
Soechi
