Monjasa bumps up bank debt as IMO 2020 looms

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By Mike Turner
28 Nov 2019

Denmark’s Monjasa has ramped up its bank credit lines by $160m as it prepares for a regulatory upheaval in the global shipping market next year.

The shipping firm has agreed trade finance facilities with four lenders new to it, the company said, without naming the banks or sizes of the credit facilities.

The $160m increase is likely to substantially ramp up bank debt at the company, though. It reported short term credit lines with ...

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