$25m CVFF Can Acquire Ships If Tied To Cargo, Trade Contracts — Shipowner
By Sylva OBASI Notable shipowner and former Chapter President of the African Shipowners Association (ASA), Captain Ladi Olubowale, has said that the $25 million facility under the Cabotage Vessel Financing Fund (CVFF) could be sufficient to acquire a sizeable vessel if the financing is tied to identifiable cargo and long-term trade contracts. Olubowale stated this…