Milaha secures QAR1.55 billion in ship refinancing
by The Edge Staff — 3 February 2014
Qatar Shipping, a wholly-owned subsidiary of Milaha, has secured a 12-year USD425 million (QAR1.55 billion) fixed-term ship financing facility with a consortium of eight banks.
Proceeds from the facility will be utilised by all four joint venture partners to refinance existing debt facilities on four LNG vessels: Qatar Shipping Company, Mitsui OSK Lines, Nippon Yusen Kabushiki Kaisha and Kawasaki Kisen Kaisha – all chartered to Ras Laffan Liquefied Natural Gas Company in Qatar on a long-time charter basis.
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