Sovcomflot is close to refinancing debt on two panamax shuttle tankers after signing a memorandum of understanding with Sberbank.
A new $180m credit facility with the Russian bank will run for 15 years, the shipowner announced today.
Should the MOU be firmed up the loan will cover the 70,000-dwt Mikhail Ulyanov and Kirill Lavrov (both built 2010), which are under long term contract for the Prirazlomnoye project in the Pechora Sea.
