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Buyer’s Credit for Ship Export to Adani Group in India
Supporting Export of Tugboat Built in a Japanese Shipyard

  • Region: Asia
  • Marine and Aerospace
  • Export Loans
NR/2011-39
October 3, 2011
  1. The Japan Bank for International Cooperation (JBIC; President & CEO: Hiroshi Watanabe)*1, jointly with a private financial institution, signed on September 30 a buyer's credit agreement for ship export in the aggregate of up to about 570 million Japanese yen, with Mundra Port and Special Economic Zone Limited (MPSEZ) in the Adani Group, a growing conglomerate in India. This loan is cofinanced with The Bank of Tokyo-Mitsubishi UFJ, Ltd.(lead arranger).
     
  2. The loan will finance the purchase by MPSEZ of a tugboat built by Kanagawa Dockyard Co., Ltd. (located in Hyogo Ward, Kobe City) and exported by Kowa Company, Ltd. It will thus support the export of a ship built in the domestic shipyard, while helping maintain and improve the international competitiveness of the Japanese shipbuilding industry.
     
  3. JBIC will continue to actively support the export of ships built in domestic shipyards that perform a significant role in the regional economy, including employment creation in the associated industries, through cofinancing with private financial institutions.
     
Note
  1. *1 JBIC is the international wing of the Japan Finance Corporation (JFC; Governor: Shosaku Yasui).
  2.  

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