Fratelli Cosulich has secured a loan worth €29.5m ($29.2m) to partially fund an LNG bunker tanker under construction in China due for delivery in 2023.
The loan was secured by a consortium of lenders comprising Credit Agricole Italia, UniCredit, Cassa Depositi e Prestiti (CDP) and Banco BPM.
The banks were advised by Watson Farley & Williams, while the loan has the backing of Italian export credit agency Servizi Assicurativi del Commercio Estero (SACE).
