The $220 million debt package will be used to finance the acquisition of six Aframax tankers and two liquefied petroleum gas (LPG) tankers, all under construction by South Korean firms. Hyundai Heavy Industriessigned a QR 800 million ($220 million) deal to build the Aframaxes in July. STX Shipbuilding Companyis constructing the LPG tankers. The other shortlisted bidder for the financing mandate was ANZ Investment Bank, also backed by Korean export credits (MEED 10:10:03).

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