JM Financial backed Samson Maritime, an offshore logistics support services firm, is planning to raise $12.5 million from International Finance Corporation (IFC). The company is planning to utilize these funds for purchasing Anchor Handling Tug Supply Vessel (ATHS). The cost of this vessel is estimated to be at $17 million, part of which will have to be funded via internal accruals.
The proposed AHTS, which would be Dynamic Positioning 2 (DP2) compliant, will have a dead Weight Tonnage (GT) of approximately 1850 and is expected to be deployed by October 2013.Currently, Samson Group has a fleet of 21 vessels which comprise Anchor Tugs, Supply Vessels, Harbor tugs, Ocean going Tugs, utility boats / vessels and Barges.
JM Financial is an integrated financial services group, offering a wide range of services to a significant clientele that includes corporations, financial institutions, high net-worth individuals and retail investors.
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