Warning: count(): Parameter must be an array or an object that implements Countable in /usr/www/users/liquiggmcb/wp-includes/post-template.php on line 284

FMO and ABN AMRO provide $15m to SMT Guinea Transhipment

 In news

FMO NL Business and ABN AMRO have jointly provided $15m to SMT Guinea Transhipment Company in support of their transshipment services in Guinea.

SMT Shipping is a Dutch shipping group and worldwide leader in providing full service logistics solutions in bulk and break-bulk maritime transport.

For over 25 years, SMT has provided reliable handling of many types of bulk cargo offering multi-layered solutions and has expertise in both shore-based and vessel transport operations.

The transaction fits within the mandate of FMO’s NL Business to support Dutch companies in their business expansion into emerging markets.

A total of three SMT owned and operated vessels are collectively employed to transship a minimum of 5.5 million tonnes of bulk cargo per annum for a contract period of 10 years.

FMO has taken the lead in the evaluation of the Environmental and Social aspects related to the project in Guinea, where ABN AMRO has provided their in-depth knowledge in shipping finance.

SMT Shipping has initiated a scholarship to provide opportunities for employment especially to young men and women residing in the areas around the project area. Every year, SMT will select two to four young men/women from localities and sponsor their professional training program at one of West Africa’s leading Maritime Academy’s, the ARSTM in Ivory Coast.

“FMO is happy to team up with ABN AMRO in financing these transshipment vessels and contribute to the further economic development of Guinea,” said Linda Broekhuizen, CIO of FMO.

“Combining the specific knowledge of FMO on the environmental and social aspects of the transaction with the in-depth knowledge in shipping finance of ABN AMRO allows us to support shipping companies in complying with high sustainability standards.”

As an Industrial Shipping Group, active worldwide, SMT has achieved a next step in the growth of its Transhipment Activities with the commencement of the Transhipment Project in Guinea, in August last year.

For the transportation of bulk cargo from shore to off-loading into much larger Ocean Going Vessels, SMT has developed three specifically designed vessels: two low draught shuttle vessels of 10.000 dwt and one 55.000 dwt transhipment vessel equipped with a 70T in-house developed crane.

This project builds on SMT’s successful transhipment business in such countries as Ghana, Trinidad & Tobago, Uruguay.

The positive collaboration between all parties, including legal counsel Loyens & Loeff, in establishing this 5-year financing has been instrumental in achieving this ground-breaking initiative for the maritime industry.

“We are proud to have our long-term banking partner ABN AMRO assist us in this financing and to have found a new partner in FMO,” said Marcel Heijnsbroek, CFO of SMT Shipping.

“We look forward to successfully developing this project further for the benefit of stakeholders and the local economy of the Republic of Guinea over the coming years,” he said. Source: Africa Global Funds

Recent Posts
Showing 8 comments
  • g then

    Genuinely no matter if someone doesn’t understand then its up
    to other viewers that they will help, so here it takes place.

  • g even

    Hmm is anyone else encountering problems with the pictures on this blog loading?
    I’m trying to figure out if its a problem on my end or if it’s
    the blog. Any feed-back would be greatly appreciated.

  • Wonderful goods from you, man. I’ve understand your stuff previous to and you
    are just too great. I actually like what you have acquired here,
    certainly like what you are stating and the way in which you say it.
    You make it enjoyable and you still care for to keep it sensible.

    I can’t wait to read far more from you. This is actually a great web site.

  • ww2.telechat.info

    I’m really enjoying the theme/design of your website.
    Do you ever run into any internet browser compatibility issues?
    A handful of my blog readers have complained about my website not working correctly in Explorer but looks great in Safari.
    Do you have any tips to help fix this issue?

  • cbd oil that works 2020

    If some one desires to be updated with hottest technologies after that he must be go to see this web page and be up to
    date all the time.

  • Ernie Foo

    I just want to say I am just new to weblog and seriously liked your web blog. Very likely I’m going to bookmark your site . You definitely come with awesome posts. Bless you for revealing your web site.

  • An excellent share, I just offered this onto a colleague that was doing a little analysis on this. And also he in fact bought me breakfast because I located it for him. smile. So let me reword that: Thnx for the treat! However yeah Thnkx for spending the moment to review this, I really feel strongly regarding it as well as love learning more on this topic. Preferably, as you come to be know-how, would certainly you mind upgrading your blog with even more information? It is extremely helpful for me. Big thumb up for this blog post!

  • cbd oil for pain

    I really prize your work , Great post.

Leave a Comment

Contact Us

We're not around right now. But you can send us an email and we'll get back to you, asap.

Not readable? Change text.

Start typing and press Enter to search