Ocean Wilsons Holdings Ld Vessel financing approval (3065J)
27 June 2017 - 8:46PM
UK Regulatory
TIDMOCN
RNS Number : 3065J
Ocean Wilsons Holdings Ld
27 June 2017
Ocean Wilsons Holdings Limited
Vessel financing approval
Our principal operating subsidiary, Wilson Sons Limited made the
following announcement to the Brazilian and Luxembourg Stock
Exchanges.
Wilson Sons Limited ("Company"), in compliment to the press
release disclosed on 1 September 2016, announces that its
wholly-owned subsidiary Saveiros Camuyrano Serviços Marítimos S/A
has signed a financing agreement with the Brazilian Development
Bank ("BNDES"), as the financial agent for the Merchant Marine Fund
("FMM"). The financing of up to US$54 million is for the
construction of 6 tugboats with azimuth thrusters. The vessels are
designed by Damen Shipyards, a Wilson Sons' partner in Brazil for
more than 20 years and will be constructed at Wilson Sons' shipyard
in the city of Guarujá (SP).
The construction of new tugboats is part of the Company's
strategy to increase and renew its fleet to assist the largest
vessels operating in Brazil and facilitating the country's trade
flow.
Enquiries
Company Contact +1 441 295
Keith Middleton 1309
Media
David Haggie +44 20 7562
Haggie Partners LLP 4444
Cantor Fitzgerald Europe
David Foreman, Will Goode (Corporate +44 20 7894
Finance) 7000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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