Taiwan / NEXI to Underwrite Loan Insurance for Ta Tong Marine Co., Ltd. Group to Support Its Ship Export
～Loan Contributing Export of Bulk Carrier Built by Oshima Shipbuilding～

Nippon Export and Investment Insurance (NEXI: President and CEO: Kazuhiko Bando) has decided to provide a loan insurance for MacLin Spring Maritime S.A. in the Republic of Panama, which is financed by Taiwan’s Ta Tong Marine (“TTM”) Group, to support its purchase of a bulk carrier built by Oshima Shipbuilding Co., Ltd (“Oshima Shipbuilding”).

With the loan insurance, NEXI will cover a financing portion provided by Citibank, out of the co-financing set up between Citibank and Japan Bank for International Cooperation (“JBIC”) for the purchase.

The TTM Group, a bulk carrier owner and operator, will be purchasing a 55,200 dwt¹ steel carrier built by Oshima Shipbuilding to use it as a chartered vessel for Japanese shipping companies. This is the second time² for NEXI to provide loan insurance for the TTM Group, following the first insurance offered in January 2018.

As Japan’s policy-based financial institution, NEXI will continue to actively support Japanese companies’ exporting business.

Contact: Infrastructure Group, Structured and Trade Finance Insurance Department
　　　　 Tel: 03-3512-7674

¹ Deadweight tonnage (DWT); a measure of how much mass a ship can carry safely.

² For more details about the NEXI’s first insurance for the TTM Group, please see the following press release: Taiwan / Loan Insurance to Support Ship Export to Ta Tong Marine CO., Ltd. Group ~ Loan Supporting Export of Iron Ore Carrier Built by Imabari Shipbuilding ~