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    Wagenborg's walk-to-work vessel financed

    Company News // June 3, 2014

    KfW IPEX-Bank is providing a loan in the amount of Euros 36.5 million for the so-called walk-to-work vessel which will be used by Nederlandse Aardolie Maatschappij (NAM), a joint venture of Royal Dutch Shell and ExxonMobil. Santander acted as structuring bank and equity underwriter of the transaction.

    The ship is being built at the Royal Niestern Sander Shipyard in Delfzijl, Netherlands, with completion scheduled for early 2015 and will be operated by Wagenborg Offshore which was advised by Clarkson Financial Services.



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