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Singapore: Regional Transport Connectivity Project

Sector: Water Supply and Storage • Location: Singapore

Source: Asian Infrastructure Investment Bank (AIIB)

Project
Approved

The Project involves providing a senior, secured, sustainability-linked loan to Moulmein Shipping PTE. LTD., Tomlinson Shipping PTE. LTD., and Camphor Shipping PTE. LTD., wholly owned subsidiaries X-Press Feeders Limited for the purchase of three 7,000 twenty-foot equivalent units (TEUs) new-build container ships to be primarily deployed on the China-India shipping route. XPF's current fleet is ag

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Project Information

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The project “Singapore: Regional Transport Connectivity Project” is an infrastructure initiative in the Water Supply and Storage sector, located in Singapore. Taiyo aggregates data on it from Asian Infrastructure Investment Bank (AIIB).

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Participants

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Status

Original status

approved

Taiyo status

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Description

Description

The Project involves providing a senior, secured, sustainability-linked loan to Moulmein Shipping PTE. LTD., Tomlinson Shipping PTE. LTD., and Camphor Shipping PTE. LTD., wholly owned subsidiaries X-Press Feeders Limited for the purchase of three 7,000 twenty-foot equivalent units (TEUs) new-build container ships to be primarily deployed on the China-India shipping route. XPF's current fleet is aged with an average life of approximately 14 years compared to the typical useful life of a vessel of 25 years. As a result, it has embarked on a fleet replacement program that involves selling off the older vessels and replacing them with newer, more efficient vessels.

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Original budget

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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