Croatia's Tankerska Next Generation (TNG) has tackled looming debt maturities with a new $44m finance deal.
The owner of six MR tankers arranged the five-year loan facility with Credit Agricole and Hamburg Commercial Bank.
It will use the funds for the early repayment of existing facilities maturing in 2021, which partly financed the purchase of the 50,000-dwt newbuildings Vukovar, Zoilo and Dalmacija in 2015.
