IFC plans $82m loan for Akij Shipping fleet modernization in Bangladesh

IFC Akij Shipping

The International Finance Corporation (IFC) is backing Bangladesh’s push to modernize its maritime logistics sector with up to $82 million in proposed financing for Akij Shipping, as the South Asian economy seeks more efficient freight capacity and cleaner shipping operations. The 10-year senior secured facility will support the acquisition of three to four second-hand Ultramax … Read more