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Halul Offshore secures $60m in ship financing

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Qatar: Halul Offshore Services Company, a wholly owned subsidiary of Milaha (previously known as Qatar Navigation), has secured an eight year $60m (equivalent to QR220m) ship financing facility with Sumitomo Mitsui Banking Corporation (SMBC). Proceeds from the facility will be utilized by Halul to fund its ambitious expansion plans. [AMEInfo.com]

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