Leopard Tankers has received a US$109.35mn loan from Standard Chartered for the pre and post-delivery of four tankers.

To be delivered in mid 2013, the DWT medium range product tankers are currently under construction by SPP Shipbuilding, South Korea. They will be commercially operated within the Vitol Group and technically managed by Grindrod Shipping; the two firms that form the equal joint venture Leopard Tankers.

Nigel Anton, global head, shipping finance at Standard Chartered, says: “This transaction demonstrates our commitment to our clients who are involved with shipping, an industry which Standard Chartered, with our footprint in growth markets across Asia, Africa and the Middle East, is well positioned to support.”