Russian shipowner Sovcomflot has inked a $149m loan with three international banks to fund an LNG carrier newbuilding.
The loan with ING Bank, KfW IPEX-Bank and Credit Agricole is the fifth major debt facility secured by the state-backed company this year.
Sovcomflot (also known as SCF Group) says the 10-year loan will help pay for a 174,000-cbm Atlanticmax LNG carrier which is chartered on a long-term deal with Total.
