Halul Secures US$ 60 million in Ship Financing

Halul Offshore Services Company, a wholly owned subsidiary of Milaha (previously known as Qatar Navigation), has secured an eight year US$ 60 million (equivalent to QAR 220 million) ship financing facility with Sumitomo Mitsui Banking Corporation (SMBC). Proceeds from the facility will be utilized by Halul to fund its ambitious expansion plans. The financing was…