Scorpio Bulkers signs $234.9m loan MOU for seven capesizes

 

 

 

Scorpio Bulkers signs $234.9m loan MOU for seven capesizes

                               Scorpio Bulkers signs $234.9m loan MOU for seven capesizes 
 
 
Gary Howard
 
By from London
 

Scorpio Bulkers has signed a memorandum of understanding (MOU) with ABN Amro and the Export-Import Bank of China, for a loan of up to $234.9m.

The loan will finance up to 60% of the contract price of seven Capesize vessels, which are currently under construction at Shanghai Waigaoqiao Shipbuilding. The ships are due for delivery in from the first quarter 2015 through to the second quarter of 2016.