United Arab Shipping Co has landed financing for the last three of its nine large boxship newbuildings in Korea.
The Kuwaiti owner has bagged another $302m loan facility to add to financing of over $1bn secured last year to finance the order at Samsung Heavy Industries.
The fresh funds come just a short time before UASC takes delivery of the first of the 13,100-teu vessels ordered in June 2008 at a total cost of $1.5bn.
The
