Alantra advises Seatrade on a $50 million financing for two reefer container vessels

Dec 2023

Newbuild financing

Value $50 million

Dubai – Alantra has advised Seatrade on securing a $50 million debt financing package. This funding will support the pre- and post-delivery phases of Seatrade’s new fleet of two reefer container vessels.

The financing, covering approximately 70% of the loan-to-value (LTV) ratio, was provided by the National Bank of Fujairah (NBF), a prestigious corporate bank based in the UAE known for its expertise in corporate and commercial banking, trade finance, and treasury services.

Seatrade, established in 1951, has grown into the world’s largest specialized refrigerated shipping and logistics company, boasting a significant global presence. This financing marks another milestone in Seatrade’s ongoing expansion and commitment to maintaining its leadership in the industry.

The National Bank of Fujairah, incorporated in 1982, has built a strong reputation for delivering award-winning services and possessing a deep understanding of local markets. NBF’s support in this financing underscores their dedication to fostering substantial business ventures.