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FINANCIAL NEWS
Oman Shipping signs USD355.8 m loan
08 Oct 2013
(MENAFN) Oman Shipping Company said that it has signed a USD355.8 million loan with two local banks to buy Very Large Ore Carriers (VLOCs), according to Arab News.
A statement on Monday said that VLOCs will be chartered to Vale International VALE5.SA.
Vale produces 9 million of iron ore each year and has palletizing facilities.
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