Nigerian offshore vessel operator Fairway Offshore has signed up for as much as $62.2m in cash to buy and expand a shipyard in the country.
US financial firm First National Partners says it structured and sourced the financing, which is yet-to-be finalised.
Fairway is aiming to buy West Atlantic Shipyard at the Onne Port Complex in Rivers State, near Port Harcourt. The facility currently focuses on building aluminium vessels.
