Oman Shipping Company has fixed $227m of new finance to run its new MR fleet.
French bank Societe Generale said the cash will go on 10 50,000-dwt tankers delivered in 2015 and 2016 from Hyundai Mipo in Korea for charter to Shell over seven years.
Societe Generale was the sole arranger and underwriter for the transaction, which involved a combination of export credit agency (ECA) and commercial financing.
Societe
