The Dubai-based owner has penned a $125m loan with BarwaBank of Qatar to cover the vessels operating in its core markets of the ArabianGulf and Caspian Sea.
The facility comprises a $110m loan to finance ten existingvessels and a $15m loan for two newbuildings, Barwa said in a statement.
Former AP Moller Maersk man Rene Kofod-Olsen, CEO of Topaz told TradeWinds in aninterview last year that the company was aiming to boost its footprint in WestAfrica.
