Malaysian International Shipping Corporation is said to be negotiating up to $1bn in new financing to replace the loan taken out last year to buy American Eagle Tankers from Neptune Orient Line.
In August state-controlled MISC took out a one-year bridging $815m loan to meet the $1.1bn cost of AET which included more than $600m of debt. Part of the loan was used to pay down $300m of AET debt.
MISC
