Uljanik Plovidba Secures USD 39 Mn Refinancing

Image Courtesy: Uljanik Plovidba

Croatian ship management company Uljanik Plovidba has signed an agreement with the Croatian Bank for Reconstruction and Development and Zagrebacka Banka for a new USD 39 million loan, according to the company.

Uljanik Providba said that the loan would be used to refinance the existing debt facilities related to the previously bought Supramax bulk carriers Veruda and Stoja, built in 2011 and 2012, respectively.

The loan repayment period was set at 10 years, the company added.

The shipowner manages a fleet of eight vessels, including five bulk carriers and three tankers, with a total size of over 400,000 dwt.

World Maritime News Staff

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