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

Project Financing for Shipping Business of LNG Tankers
Support for Securing Long-term LNG Supplies

  • Region: North America
  • Energy and Natural Resources
  • Overseas Investment Loans
  • Project Finance
 
April 1, 2016
  1. The Japan Bank for International Cooperation (JBIC; Governor, CEO: Hiroshi Watanabe) signed on March 31 a loan agreement, in project financing*1, amounting up to approximately USD133 million, with ROSEWOOD SHIPPING PTE. LTD. (ROSEWOOD), a Singaporean company wholly owned by Nippon Yusen Kabushiki Kaisha (NYK LINE). The loan is cofinanced with The Bank of Tokyo-Mitsubishi UFJ, Ltd., bringing the total cofinancing amount to approximately USD190 million.
     
  2. The loan is intended to finance the shipping business of ROSEWOOD involving liquefied natural gas (LNG) tankers to be used mainly for transporting LNG produced by the Cameron LNG project*2 located in the U.S., in which MITSUI & CO., LTD. participates. This loan will contribute to securing for Japan a long-term and stable supply of LNG that has become increasingly important in recent years as fuel for power generation, while utilizing the Japanese shipping companies' wide experience in the area of LNG shipping business.
     
  3. As Japan's policy-based financial institution, JBIC will continue to financially support the promotion of the acquisition and development of energy resources by Japanese companies by drawing on its various financial facilities and schemes for structuring projects, and performing its risk-assuming function.
Note
  1. *1 Project finance is a financing scheme in which repayments are made solely from the cash flows generated by the project and secured only on the project assets.
  2. *2 JBIC signed a loan agreement on project financing amounting up to USD2.5 billion for the above project in August 2014. See Press Release on August 7, 2014 for details.

Search press releases

Fiscal Years
Sectors
Region
Finance Menu