Algoma Central Corporation

Algoma Central Corporation - KSURE Covered Financing

Industry
Transport/Cargo ship
Area of finance
Export & Agency Finance
Region
North America
North America
Countries
Canada

Deal Overview

Korea Trade Insurance Corporation (K-Sure) has backed a $71.9m loan to Canadian marine shipping group Algoma Central Corporation. The deal involved the financing of two new build tankers built by the Hyundai Mipo Shipyard in South Korea. The vessels will be time chartered to Canadian energy company...

show more
Deal Volume
$71.97m
Financial Close
24/04/2025
Dealmakers
Sources

Did you work on this deal?

This deal page needs more information from those involved.

Tag yourself TAG A COLLEAGUE SUGGEST AN EDIT

Tranches

To view all tranche and pricing information, login or upgrade to a subscription here

Assets

Asset Type: Manufacturer:
Shipping Hyundai Mipo Dockyard
Shipping Hyundai Mipo Dockyard