Hyundai Merchant Marine secures $500m loan

South Korea’s Hyundai Merchant Marine has secured a syndicated loan of $500m from banks led by Norway’s DNB Bank ASA to fund the construction of five mega container being built at Daewoo Shipbuilding & Marine Engineering, Seatrade Asia Online reports. The ships are scheduled to be delivered throughout 2014 and will be the largest container vessels to join the HMM fleet.