The offshoot of Milaha, formerly known as Qatar Navigation, has landed a $60 million, eight-year facility from Sumitomo Mitsui Banking Corporation, the ship owner’s parent revealed on Wednesday.
Milaha said the cash will be used to fund Halul’s “ambitious expansion plans” with at least two new vessel arrivals anticipated this year.
Halul has its eye on a range of new or second-hand tonnage including diving support vessels, anchor-handlers, construction vessels and well-head maintenance/wireline support units.
Executive
