Overview

China Eximbank provides a $64 million USD loan to Thenamaris (Ships Management) Inc. as working capital (Linked to Record ID#90849)

Commitments (Constant USD, 2023)$65,635,404

Commitment Year•2014Country of Activity•GreeceDirect Recipient Country of Incorporation•LiberiaSector•Transport And StorageFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jun 19, 2014

Geospatial footprint

Map overview

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Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Policy Banks

Export-Import Bank of China (China Eximbank)

Receiving agencies

Private Sector

Thenamaris (Ships Management) Inc.

Loan description

China Eximbank provides a $64 million USD loan to Thenamaris (Ships Management) Inc. as working capital

Interest type•Unknown

Narrative

Full Description

Project narrative

On June 19, 2014, the Export-Import Bank of China signed a $64 million USD loan agreement with Thenamaris (Ships Management) Inc. (captured via Record ID#90844) as working capital. China Eximbank also signed a $300 million USD framework financial cooperation agreement with Thenamaris (captured via Record ID#90849) to provide further working capital.

Staff comments

1. Thenamaris (Ships Management) Inc. is a privately-owned Greek company. It is a global ship manager of high specification modern ocean-going vessels. The fleet under Thenamaris management includes oil tankers, bulk carriers, and containerships, and Thenamaris LNG Inc. manages LNG carriers. Thenamaris (Ships Management) Inc. is legally incorporated in Monrovia, Liberia with a registered office in 16 Athinas Street, Vouliagmeni, Greece.