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SEAMEC's subsidiary - SEAMEC International FZE acquires bulk carrier

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SEAMEC announced that SEAMEC INTERNATIONAL FZE, Wholly Owned Subsidiary of have purchased a Bulk Carrier 'TENTO' renamed as 'GOOD HOPE' on 11 July, 2018.

The vessel is having the 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 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 to the project

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, July 13 2018. 17:24 IST