Guinea Conakry: Two Dutch institutions invest $15 million in the maritime transport sector
Friday, 08 February 2019 17:14
The Dutch commercial bank ABN AMRO and development financing institution FMO jointly granted a 5-year $15 million loan to SMT Guinea Transhipment Company Ltd, specialized in logistics solutions in the field of maritime transport.
The terms of this loan as well as its interest rate have not been disclosed but the grantee plans to use it to acquire transhipment equipment for ships moored in deep sea.
“Combining the specific knowledge of FMO on the environmental and social aspects of the transaction with the in-depth knowledge in shipping finance of ABN AMRO allows us to support shipping companies in complying with high sustainability standards”, said Linda Broekhuizen, FMO’s chief investment officer.
In the thriving West African coast’s maritime sector dominated by players like Bolloré, these loans seem to be Dutch authorities’ support to their firms expanding in emerging markets since SMT Guinea Transhipment Company Ltd is the local subsidiary of SMT shipping.
Chamberline Moko
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