Loan Agreement singing ceremony between Southern Petro Transportation Company (SPT) and Natixis Bank

The Loan Agreement singing ceremony between Southern Petro Transportation Company (SPT), a subsidary of PV Trans, and Natixis Bank was held on May 28th.

After studying the project’s feasibility, Natixis agreed to finance 70% of the purchasing 1 MR product tanker valued $55 million. This is the first product tanker of PV Trans’ fleet, in additional to 02 currently operating crude oil Aframax tankers as well as 03 newbuilding crude oil Aframax ones Vinashin shipyard. Disbursement for this deal starts on 10th June as soon as SPT obtains the ship’s delivery.