ONE has obtained almost US$400 million of JOLCO (Japanese Operating Lease with Call Option) financing for four 13,700 TEU ammonia-ready ships on order at Imabari Shipbuilding and Nihon Shipyard.
Japanese financial group Financial Partners Group arranged the JOLCO, with funding from BNP Paribas, Hongkong and Shanghai Banking Corporation, Citibank and Japanese export credit agencies Japan Bank for International Cooperation (JBIC) and Nippon Export and Investment Insurance (NEXI).
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