STX Pan Ocean Gets $510 Million Syndicated Loan for New Ships
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STX Pan Ocean Co., South Korea’s largest commodities shipping company, got a $510 million loan from Export-Import Bank of Korea and eight overseas lenders to pay for some of the vessels it ordered.
The shipping line signed the deal today with Export-Import Bank, China Development Bank Corp., ABN Amro Bank NV, DnB NOR Bank ASA, Deutsche Schiffsbank AG, BNP Paribas SA, ING Bank NV, Standard Chartered Bank Plc and Credit Industriel et Commercial, STX Pan Ocean said in an e-mailed statement.