Norwegian export credit guarantee agency GIEK has joined Germany’s KfW IPEX-Bank in providing a $72m loan agreement to Idan Ofer’s Quantum Pacific Shipping to buy scrubbers from manufacturer Clean Marine.
GIEK has issued a guarantee of about $56m against the $72m loan from KfW, which is another major provider of export credit to shipping.
The amount of equipment to be bought from Norway's Clean Marine was not disclosed, but Singapore-based Quantum Pacific is clearly ordering a large number of scrubbers to fit on its fleet of about 125 ships covering a wide range of vessel types and sizes.
