Exmar secures vessel financing

exmar

Exmar said that China Export Credit Insurance Corporation (Sinosure) approved the release of $40 million from the debt service reserve account under the TANGO FLNG loan facility.

The shipowner, further said the Tango FLNG has exported its second cargo for YPF in December 2019 and the third cargo is being produced.

The company’s two very large gas carriers, currently under construction at Jiangnan are due for delivery over the course of 2021. The two vessels will each enter a five-year time-charter to Equinor upon delivery from the shipyard.

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