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NIBC’s 10th Maritime Dinner and Pelagic Partners’ Refinancing

In the captivating setting of Amsterdam’s iconic canals, NIBC’s Shipping Team hosted the 10th Maritime Dinner on May 15th. Industry leaders gathered aboard an elegant salon boat for insightful dialogue. Among the prominent attendees were Atef Abou Merhi, Managing Director of Pelagic Partners, and Ahmad Abou Merhi, Executive Director of Pelagic Partners, as the event provided a platform to celebrate shared accomplishments and explore forthcoming opportunities within the maritime domain.

Pelagic Partners has recently finalized a refinancing agreement with NIBC, showcasing the efficiency and robust collaboration between both entities. The refinancing process was executed with remarkable speed, reflecting the dedication and coordination of the teams involved. This comprehensive agreement encompasses three bulk carriers and two tankers, providing extensive support for Pelagic Partners’ diverse fleet.

A critical aspect of this refinancing was the maintenance of Loan-to-Value (LTV) ratios at consistent levels, aligning with Pelagic Partners’ strategic objectives of financial stability and operational efficiency. Furthermore, the financing costs were secured below the market average, offering Pelagic Partners a significant competitive advantage.

Both Pelagic Partners and NIBC have expressed their enthusiasm for a continued and productive partnership. This refinancing deal not only solidifies their relationship but also establishes a strong foundation for future collaborations, reflecting mutual confidence in their strategic vision and operational excellence.

The NIBC 10th Maritime Dinner was more than just an evening of celebration. It reaffirmed the value of collaboration and strategic planning within the maritime sector. With industry leaders guiding their organizations and the unwavering support of financial partners, the future appears promising for these dynamic alliances.

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