VOL. XLVI
No 31
04-August-2003
UAE
ENERGY FINANCE
EBI Approves $63Mn Loan For DSC Tanker Purchase
Emirates Bank International (EBI) has agreed a $63mn loan to the Dubai Shipping Company (DSC) to finance the purchase of two large tankers from Hyundai Heavy Industries. DSC, which is part of the Emirates National Oil Company (ENOC), signed a $70mn contract with Hyundai Heavy Industries for the construction of the two modern tankers on 13 June (MEES, 23 June). The double-hull, 75,000 ton tankers will...
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