Monaco-based shipping company Scorpio Bulkers has secured a five-year loan of up to $12.75m to fund the purchase of a Kamsarmax bulk carrier, set to be delivered from China in Q3 2018 by Jiangsu New Yangzijiang Shipbuilding. The loan facility is subject to customary conditions precedent and the execution of definitive documentation. The deal is expected to cost around $16.5m, with an option for another $15m.
Monaco-based shipping company Scorpio Bulkers has secured a five-year loan of up to $12.75m to fund the purchase of a Kamsarmax bulk carrier, set to be delivered from China in Q3 2018 by Jiangsu New Yangzijiang Shipbuilding. The deal is expected to cost around $16.5m, with an option for another $15m.