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    Fairstar Heavy Transport signs bridging loan facility

    Company News // December 14, 2011

    Fairstar Heavy Transport has signed a Bridging Loan Facility Agreement with Bank of China. The facility provides financing of the third installment of the construction of the semi-submersible heavy lifter Forte, in accordance with the terms of payment in the shipbuilding contract.

    The facility will be repaid on delivery of Forte by means of the recently signed DNB Bank facility. 

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