Alantra advises the Blue Fleet Group (and its affiliates) on raising debt financing to support the acquisition of one Supramax Dry Bulk Carrier

May 2022

Acquisition Financing

Value $14.5mn

Alantra has advised the Blue Fleet Group (and its affiliates) on raising debt financing to support the acquisition of one Supramax Dry Bulk Carrier. The financing reached $14.5mln (ca. 72.5% LTV) provided by Chailease International Finance, a leading Far Eastern Equipment Leasing Financier. Execution, led by Alantra’s Maritime & Offshore team, extended over 5 weeks from indicative terms to drawdown.

Blue Fleet Group, established in 1996, has acquired control of over 30 vessels on an exclusive basis, with dead weights ranging from 10,000 to 56,000 tons, carrying more than 3,000,000 tons of cargo yearly on international routes.

Chailease International Finance is one of the largest financial institution groups in Taiwan, with financing activities across the entire spectrum of asset-backed financing, including shipping, yacht, aviation, automobile, and equipment leasing towards a domestic and international clientele.