APSI Enters Loan Agreement with Cat Financial (USA)

March 7, 2014
Aker Philadelphia Shipyard, Inc. (APSI) has entered into a loan agreement with Caterpillar Financial Services Corporation (Cat Financial) for a USD 120 million loan facility for construction financing on the four product tankers under contract with Crowley Maritime Corporation (Crowley). The loan will be subject to a maximum borrowing amount of USD 58-60 million per […]