The Oslo-listed company says the cash willbe used to refinance its existing fleet and fund the construction of anewbuilding.

In a statement the operator noted it hasalso clinched the coin it would need to exercise options to build two morewellboats if it decides to pull the trigger.

Solvtrans indicated that the NOK 1.3bn ($212bn)package is backed by the likes of DnB, Nordea, GIEK and Exportcredit Norway.

“Thepayback