VOL. XLVII

No 15

12-April-2004

QATAR

ENERGY FINANCE

Q-Ship Signs Agreement To Receive $223Mn Loan

Qatar Shipping Company (Q-Ship) signed an agreement on 6 April to receive a $223.3mn loan from the Export-Import Bank of Korea and a consortium of banks led by Credit Lyonnais. The loan, which will finance expansion of the companys fleet, is the first signed with a Qatari company for both Credit Lyonnais and the Ex-Im Bank of Korea. Of the loan, 70% is being provided by the Ex-Im Bank of Korea and the...