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SSC gets $77m loan to buy new car carrier

SSC gets $77m loan to buy new car carrier
Singapore Shipping Corporation (SSC) has entered into a term loan facility of up to $77m with a Japanese financial institution to finance the acquisition of a pure car truck carrier vessel.

Upon delivery of the newbuilding in March 2015, the vessel will be chartered to a blue chip shipping major, according to Singapore-listed SSC.

The vessel is a 7,000-car capacity named Taurus Leader, and a picture accompanying the company’s press release shows the vessel painted with the NYK logo.

SSC currently operates a fleet of six pure car truck carriers on long term charters.