MenuClose

  • JP
  • SearchClose
Home
About JBIC
About JBIC

This page introduces information on JBIC's role and organization.

Close

Support Menu
Support Menu

JBIC offers a range of financial products and other services to our clients.

Close

Business Areas
Business Areas

Information about JBIC's activities in each business area and its efforts for environmental conservation.

Close

Public Information
Public Information

Various reports compiled and contributed by JBIC

Close

Press Releases
Press Releases

Close

Investor Relations
Investor Relations

This page introduces information on JBIC's investor relations.

Close

Buyer’s Credit for Ship Export to the Singaporean Corporation Affiliated with the Wallenius group
Supporting Export of Pure Car/Truck Carrier Built in Japanese Shipyard

  • Region: Asia
  • Marine and Aerospace
  • Export Loans
NR/2011-38
September 29, 2011
  1. The Japan Bank for International Cooperation (JBIC; President & CEO: Hiroshi Watanabe)*1  signed on September 28, jointly with a private financial institution, a buyer's credit agreement totaling up to about 55 million US dollars with WALLSTRAITS SHIPPING PTE. LTD., a company incorporated in the Republic of Singapore and a subsidiary of Wallenius Lines AB (Wallenius), one of the largest shipping companies for vehicle transportation in Sweden. The loan is cofinanced with the Bank of Tokyo-Mitsubishi UFJ, Ltd. (lead arranger).  
     
  2. The loan will be used for purchasing a pure car/truck carrier (capacity: 6,500 cars) which will be built by Mitsubishi Heavy Industries, Ltd. at its Nagasaki Shipyard & Machinery Works (Nagasaki City, Nagasaki Prefecture). This is the third loan JBIC provided for the Wallenius group, following two buyer's credits*2  extended to Mark V Shipping Pte.Ltd., a company incorporated in the Republic of Singapore, in September 2010 to finance the export of two Ro-Ro ships.   
     
  3. This loan will support the export of a ship built in a Japanese shipyard amid the credit squeeze caused by the financial crisis, which has made it difficult to structure ship finance across the world, thereby contributing to maintaining and strengthening the international competitiveness of the Japanese shipbuilding industry.  
     
  4. In collaboration with the Shipbuilders' Association of Japan, and in cofinancing with private financial institutions, JBIC will continue to assist the export of vessels built by Japanese shipbuilders which are performing a major role in the regional economy through employment and related businesses.   
Note
  1. *1 JBIC is the international wing of the Japan Finance Corporation (JFC; Governor: Shosaku Yasui).
  2. *2 See Press Release dated October 1, 2010

Search press releases

Fiscal Years
Sectors
Region
Finance Menu