Monaco - based shipping company Ocean Line has secured a five - year loan of up to $ 500 m to fund the purchase of a Kamsarmax bulk carrier , set to be delivered from China in May 2018 by Jiangsu New Yangzijiang Shipbuilding . The company is also set to take delivery of another Kamsarmax carrier by the same builder in Q2 , taking the firm 's total carrying capacity to approximately 3.9 million metric tons .
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 company is also expected to take delivery of another Kamsarmax carrier by the same builder in Q2, taking the firm's total carrying capacity to approximately 3.9 million deadweight tons.