The loan is based on a four-year Commodity Murabahah Financing Facility, for the barge which has since been deployed in January 2013.
Singapore-listed, UAE-based Atlantic Navigation owns, operates and charters a fleet of 13 offshore support vessels (OSVs) primarily in the Middle East and India.
The company had announced earlier a first quarter net profit of $1.95m, a plunge of 75.6% year-on-year while revenue dropped 17.3% to $10.24m.
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