Íslandsbanki finances three wetfish trawlers for HB Grandi

06.01.2016

Íslandsbanki and DNB Bank ASA have completed the credit financing for three new wetfish trawlers for HB Grandi.

The ships are being built by Turkish firm Celiktrans Deniz Insaat Ltd. Sti., which has already built two pelagic vessels for the company. The new trawlers will replace three ships currently in operation: Ásbjörn RE 50, Sturlaugur H. Böðvarsson AK10, and Ottó N. Þorláksson RE 203. They will aid in streamlining operations, as they consume less fuel, handle catches more efficiently, and are safer and cheaper to operate.

The new vessels will bear the names Engey RE 9, Akurey AK 10, and Viðey RE 50. The project financing entails a credit line of EUR 55,000,000, which will be drawn down in three tranches, each with a maturity of five years.

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