New York-listed Scorpio Bulkers has arranged more funding worth $34m for part of its fleet.
An unnamed leading European financial institution has committed to providing funds for 62.5% of the fair market value of two kamsarmaxes: the 81,000-dwt SBI Jive and SBI Swing (both built 2017).
The deal comprises a term loan of up to $17m and a revolving credit facility for the same amount.
