Turkish boxship owner Arkas Holding has concluded its first leasing transaction in China in a deal highlighting the growing importance of Far Eastern financing for Turkish shipping companies.
The financing agreement involves more than $50m, according to Storm Capital Partners, a London-based advisory firm that helped arrange the deal.
“This marks Arkas Group’s first Chinese leasing financing deal and Storm’s first closed transaction in Turkey in less than eight months of establishing a presence [there],” Storm Capital partner Onur Canlitepe said in a social media post.
