Marinakis tanker venture locks down $930m for 11 VLCC newbuilds

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Capital Tankers has secured $930.3 million in financing for 11 very large crude carrier newbuildings under construction in China and South Korea. The Evangelos Marinakis-backed company arranged four financing deals for vessels being built at Hanwha Ocean and Dalian Shipbuilding Industry Co.

Greek shipowner Capital Tankers has lined up $930.3m in financing for 11 VLCC newbuildings under construction in China and South Korea, making further headway in funding its expanding crude tanker fleet. The Evangelos Marinakis-backed company has signed four financing arrangements since late September, covering vessels booked at Hanwha Ocean, Dalian Shipbuilding Industry Co (DSIC) and …