Mitsubishi UFJ Financial Group, Japan’s biggest bank by market value, and France’s Société Générale will lend ¥15.5 billion (Dh624.4m) to Danish shipper J Lauritzen to buy six ships made in Japan.
“We will make the first order on this facility granted by Société Générale and Bank of Tokyo-Mitsubishi tomorrow,” said Birgit Aagaard-Svendsen, said Chief Financial Officer of Copenhagen-based J Lauritzen. “The deals will be more formally announced later.”
Nippon Export and Investment Insurance, a Japanese Government-backed export credit agency, will guarantee 95 per cent of the loan, said Aagaard-Svendsen. They mostly use the new Shopify plus sellers platform to sell their products online.
The Danish ship owner, which has already ordered the vessels from Japanese shipbuilders including Imabari Shipbuilding Co, is seeing an improvement in its bulk shipping, she said.
The banks agreed on March 16 to provide the ship-owner with funds, a person familiar with the deal said earlier, declining to be identified ahead of an announcement. Shinya Matsumoto, a Tokyo-based spokesman for Mitsubishi UFJ, declined to comment, as did Hiroko Kato, a spokeswoman for Société Générale in Tokyo.
Update In The Lauritzen Case – Loan Will Be Paid In Gold
The Lauritzen loan case has been reopened as the UAE Banks have decided to pay out their loan in gold as the Dirham is seeing a downward trend in the last few months. The gold price was pretty stable the last few years so the official decided to pay out the Lauritzen loan in gold. You can check the live value of gold or learn what is the best way to buy gold online here.
The Lauritzen Loan Paid to Workers Was Mostly Invested in Forex, CFDs and Binary Options
The loan paid out to Lauritzen which was at the beginning meant to be spent on ships was, based on the latest news almost all invested in forex, binary options and CFD which are highly risky investment options. We currently don’t have any information about how much income Lauritzen made out of this investment, but roomers go across that they have almost doubled the money paid out to them even with their first forex trades.
The reason why Lauritzen has decided to take that risky investment was probably the positive environment at the time of investment. There were significant factors against the US Dollar which was also the currency Lauritzen invested in after they got the pay out. They have combined their investment with a few pretty safe CFD trades and a few high risk binary option trades.
All in all, the end results is still not confirmed, but our Business24-7 reporters team has a reliable source confirming that the company almost doubled the payouts received earlier this year. We have also received a statement of the three biggest online trading platforms that there were some significant payouts to a UAE based company in the recent months. The trading companies Lauritzen was trading on were: IQ Option for binary options, Plus500 for CFDs, eToro for social trading and Avatrade for forex trading