Belgian shipping firm Exmar has secured a $200 million financing deal for its delayed ‘Caribbean’ FLNG project.
In a statement the company said the financing was secured with Bank of China, Sinosure and a “leading” European financial institution.
The Caribbean FLNG is currently being built at Wilson Offshore and Marine and will be delivered in the coming weeks.
The proceeds from the financing will be used to pay the last instalment to the shipyard.
Work at the project began in 2012, and it had previously been expected to start operation in 2015.
The company added that it is looking forward to building on its new relationship with Bank of China and Sinosure.
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