SEAMEC's subsidiary - SEAMEC International FZE acquires bulk carrier
The vessel is having the Marshall Island Flag.
Immediately on the acquisition, the vessel was deployed on a long term Bareboat Charter for a period of 7 years.
SEAMEC as a parent Company furnished a Corporate Guarantee in favour of Bank of Baroda, Sharjah, UAE from whom SEAMEC INTERNATIONAL availed a loan of USD 7.2 million as a part finance to the project
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