Case studies

NORD/LB finances large Anchor Handling Tug Supply vessel with hybrid design

 

The vessel, Crest Optimus is a 16,304BHP Anchor Handling Tug Supply vessel with hybrid design, combining both diesel-mechanic and diesel-electric propulsion.

 


The hybrid propulsion system mitigates outlay on fuel and also reduces emissions, resulting in a vessel that is both efficient and environmentally sound, earning the Group the Green Technology Award from the Maritime Port Authority of Singapore.

With its origins in 2002, the Pacific Radiance Group now owns and operates a fleet of over 130 modern offshore vessels ranging from offshore support vessels, maintenance/accommodation vessels to diving support vessels. The Group is also a provider of subsea services, shipyard services and marine equipment to the global oil and gas industry. It has built a strong foothold across Asia and other emerging O&G markets, namely Africa, Latin America and Australia.

NORD/LB has been handling the full refinancing of six chemical tankers

From the start of 2015 NORD/LB has been handling the full refinancing of six chemical tankers for “Borealis Maritime Ltd.”, expanding its customer base in commercial shipping.

The transaction sees NORD/LB providing a total financing volume of USD 28.5 million. The loan includes a five-year, linear redemption profile with a final bullet payment.
The strategic conservative approach of NORD/LB is also reflected in this commitment, not least through a low lending level from the outset and the hedging of the bullet rate.

Borealis Maritime Ltd., established in London in 2010, is a global company that operates a total of 41 ships (chemical tankers, product tankers and container ships). The largest shareholder in Borealis Maritime Ltd. is the leading investment company KKR (Kohlberg, Kravis, Roberts), which was set up in 1976.
With a highly qualified management with extensive experience in shipping, Borealis Maritime Ltd. is an active and well-positioned company in the sector.

This commitment sees NORD/LB securing access to an up-and-coming market participant.

NORD/LB provided the post-delivery financing for three LPG carriers

NORD/LB provided the post-delivery financing for three LPG carriers (two 5,000 cbm and one 3,500 cbm) which were delivered in 2014/2015 from the Japanese shipyards Kitanihon and Sasaki Zosen.

Epic Gas Ltd., formed in December 2012, owns and operates a fleet of 33 modern and high quality fully pressurised gas carriers providing seaborne services for the transportation of liquefied petroleum gas (LPG) and petrochemicals. Their vessels serve as a crucial link in the international gas supply chains of leading oil majors and commodity trading houses throughout Southeast Asia, Europe, West Africa and the Americas.

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