Hyundai Merchant Marine has secured $500 million in financing for its latest order of ultra-large containerships to be delivered in 2014.
The South Korean line this summer order five 13,100-TEU ships to complement another five ships of the same size to be delivered in the first half of 2012.
DNB Bank, ABN AMRO, Credit Agricole, Korea Finance Corporation and the Korea Development Bank are involved in the credit facility, which covers around 80 percent of the cost of Hyundai’s five-ship order.
Hyundai secures $500 million for big ships
