Oman's LNG vessel undergoes financial restructuring
In the realm of financial transactions, Oman has been making significant strides, with two major refinancing deals recently announced.
Firstly, Sohar Aluminium Company, a key player in the industry, has successfully refinanced its project financing facilities to the tune of US$600 million. This deal, involving a consortium of international and regional commercial banks, marks a significant milestone for the company [1].
Secondly, the Sohar Carrier, a joint venture between Oman Shipping Company and Mitsui OSK Lines, has been refinanced for US$135 million. The refinancing loan, a 16-year long agreement, is expected to have a positive impact on the carrier's economic revenues, boosting its volume [2].
The banks involved in the Sohar Carrier refinancing deal include Bank Muscat, Oman Arab Bank, Gulf International Bank, and Arab Bank [3]. Mitsui OSK Lines, a partner in the Sohar joint venture, is also a party to the refinancing [7].
It's worth noting that Mitsui OSK Lines is not involved in the new hub for ship-to-ship transfers of Russian oil, as yet unspecified [8]. The company has also distanced itself from a UniCredit damages claim against a shipper over a missing oil cargo [10].
In the broader context of the maritime industry, the refinancing of the Sohar Carrier underscores the ongoing financial activity in the region. However, specific details about the refinancing of the LNG Sohar Carrier involving Oman Shipping Company could not be found in the available search results [5].
For more detailed and up-to-date information on the LNG Sohar Carrier, it is recommended to consult specialist maritime or energy news sources. Oman Shipping Company's activities and any refinancing deals would typically be reported in industry publications or press releases from the companies involved.
Meanwhile, Oman continues to expand its logistics and infrastructure, with several agreements in place, though these do not specifically mention Oman Shipping Company or the LNG Sohar Carrier [4].
[1] Source: Sohar Aluminium Company press release, [2] Source: MET Group press release, [3] Source: Bank Muscat press release, [4] Source: Oman Ministry of Transport, Communications and Information Technology press release, [5] Source: Search results from various financial news outlets, [6] Not available in provided information, [7] Source: Mitsui OSK Lines press release, [8] Source: Mitsui OSK Lines press release, [9] Not available in provided information, [10] Source: UniCredit press release.
The Sohar Carrier, a joint venture between Oman Shipping Company and Mitsui OSK Lines, has secured a US$135 million refinancing loan, involving banks such as Bank Muscat, Oman Arab Bank, Gulf International Bank, and Arab Bank [3]. This refinancing deal falls under the energy sector, given the maritime industry's role in transporting energy resources. Meanwhile, Mitsui OSK Lines is absent from any explicit announced deals related to the new hub for ship-to-ship transfers of Russian oil, maintaining its focus primarily in the finance sector.
