Queen Esther signs $26.5 million in senior secured financing through CIT

By Mary-Katherine Stinson

Lexington, Ky., Oct. 14 – Queen Esther Shipping Ltd. received $26.5 million in senior secured financing with the help of CIT Group as lead arranger, according to a press release.

The loan is secured by the Queen Esther, a modern container ship operated in a joint venture led by Lomar Corp. Ltd.

Bermuda-based Lomar Shipping is a ship owning and management group that operates a fleet of over 65 container ships, bulk carriers and chemical and product tankers.

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