Banks Close USD 175 Mn Financing of Polsteam Ship Portfolio

bulkerIllustration. Source: PxHere under CC0 Creative Commons license

A bank syndicate led by Germany-based DVB Bank SE has completed a USD 175 million financing of a bulk carrier portfolio for Polsteam Group (Polska Żegluga Morska).

The portfolio comprises a total of 34 vessels of the Polish shipping company.

The syndicate consisted of DVB Bank, CIT Group, Société Générale, BNP Paribas, Siemens Bank, Crédit Agricole Corporate & Investment Bank and Crédit Agricole Bank Polsk.

No further details on the transaction have been revealed.

Polsteam Group has a fleet of 56 bulk carriers with an average age of around 8 years.

The group has one of the largest route networks in the world, offering services to around 60 countries. It performs around 500 trips per year, transporting 15 million tons of cargo.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Nov 2019 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >

CrewConnect Global 2019

CrewConnect Global is the leading forum for collaboration to advance new industry approaches to seafarer recruitment and training.

read more >

CruiseConnect Global 2019

Attend CrewConnect Global and stay on for the CruiseConnect Summit to take part in an industry-wide conversation focused…

read more >

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >