Denmark / Insurance for Loans for Ship Export to Ultrabulk Group

October 1, 2014

Nippon Export and Investment Insurance

NEXI has decided to provide insurance for loans extended to Ultrabulk Shipholding (Singapore) Pte. Ltd., a part of the global drybulk owner/operator Ultrabulk and a member company of Chile based shipholding group Naviera Ultranav Limitada, to purchase 2 bulk carriers built by Oshima Shipbuilding Co., Ltd.


Japan Bank for International Corporation (JBIC) and BNP Paribas Tokyo branch will extend the loans, and NEXI's insurance will cover the loans provided by the commercial bank.


As a Japanese official financial agency, NEXI will continue to provide financial support to enhance the competitiveness of Japanese companies by offering a variety of financial facilities.


Borrower Ultrabulk Shipholding (Singapore) Pte. Ltd.
Insured BNP Paribas Tokyo branch
Insured Value Approx. USD 18.6 million
Tenor Approx. 12years