Shipergy, a marine fuel trading and procurement firm within The Signal Group, on Tuesday (26 March) announced the successful arrangement of a USD 15 million credit facility with DNB Bank.
The firm said the significant financial milestone will propel Shipergy’s ambitious growth plans on the global stage.
“The new credit facility marks a pivotal moment in Shipergy’s journey, providing the robust financial backbone needed to expand its innovative tech and trading solutions to shipping clients and suppliers worldwide,” it said in a statement.
With this strategic financial partnership, Shipergy is poised to further its mission of transforming the marine fuel procurement process through advanced technology and transparent trading practices.
Daniel Rose, CEO of Shipergy, said: “The new credit facility is a testament to the confidence and trust in Shipergy’s vision and business model.”
“We are committed to leveraging this opportunity to scale our operations, enhance our service offerings, and continue providing unmatched value to our clients across the globe.”
The credit facility with DNB Bank will enable Shipergy to accelerate its growth, solidify its market presence, and continue contributing to the modernisation of the marine fuel supply chain.
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Photo credit: Shipergy
Published: 27 March 2024
