The loans have been arranged by the Japan Bank for International Cooperation (JBIC) and will be co-financed with The Bank of Tokyo Mitsubishi UFJ as lead arranger.
Each co-financed portion will be covered by buyer’s credit insurance from Nippon Export and Investment Insurance (NEXI).
Delivery dates for the two 37,000-dwt bulkers were not disclosed, nor were details of the financial terms for the loans.
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