Q-Ship in deal with Lyonnais

DOHA - Qatar Shipping Co (Q-Ship) has recently signed a financing deal with Credit Lyonnais (CL) - a leading international French bank - for long-term financing for its fleet modernisation and expansion.

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Published: Thu 16 Oct 2003, 12:54 PM

Last updated: Wed 1 Apr 2015, 9:34 PM

The Export Import Bank of Korea (KEXIM) is with CL asÊthe Export Credit Agency (ECA) lender. This is the first transaction for CL with Q-Ship. Commenting on the commercial loan, Q-Ship's Chief Executive, Nasser Al Romaihi, said: "Qatari and regional banks will be given priority in joining this syndicate, as these banks have been instrumental in Q-Ship's expansion and growth."

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