Familiarity Creates Opportunity – Northern Shipping Funds Acquires Singapore Offshore AS

Back in March, Northern Shipping Funds (“Northern”) successfully acquired 99%of the DIS (“Silent Partner”) interests in Singapore Offshore AS, a Norwegian AS established in 2006 in order to provide post-delivery financing amounting to $126.725 million, through a sale-leaseback structure, for five AHTS units for Ezra Holdings of Singapore.

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