JR Shipping Group of the Netherlands has teamed up with a UK-based credit investment fund to refinance a fleet of 11 container feeder vessels.
The London-based fund has acquired loans and debts with a face-value of EUR 126m ($151m) from Germany’s HSH Nordbank, it said in a statement today.
The deal, which was inked on 15 December, is linked to loans on a fleet of vessels from 700-teu up to 1,400-teu in the JR Fleet Fund CV, which was formed from an earlier financial restructuring in 2012.
