AUSTRALIA

Miclyn to sail ahead with Samson

MICLYN Express Offshore has received financial backing from GE Capital with a $US23.4 million ($A22.5 million) credit facility to refinance its existing credit facility for Samson Maritime Holdings.

Marija Stojkovic

Miclyn announced last November it would acquire the remaining 50% stake of offshore support vessel owner Samson Maritime that it does not own for $A24 million. The purchase consisted of 70% cash and...

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