Buyer's Credit for Ship Export to a Dutch Company
Supporting the export of a bulk carrier built by a Japanese shipbuilder
- Area: Latin America and the Caribbean
- Marine and Aerospace
JBIC signed a buyer's credit agreement with the Bahamian company African Kite Shipping Co., Ltd. (AKS), which is a wholly owned subsidiary of International Strategic Shipping Investments B.V., a fifty-fifty joint venture of MUR Shipping Holdings B.V. of the Netherlands and J.P. Morgan Global Maritime Investment Fund L.P. of the U.S. This loan will provide funds for AKS to purchase through ITOCHU Corporation a bulk carrier to be built by the Japanese shipbuilder Imabari Shipbuilding Co., Ltd. at its domestic shipyard. This loan will contribute to maintaining and strengthening the international competitiveness of Japan's shipbuilding industry, which plays a significant role in regional economies and associated industries.