The $33m credit facility was approved at the Greenship’s EGM in Singapore last week, the company confirmed Tuesday.

The two 63,000-dwt ships were ordered at China’s Dayang Shipyard in late 2013 and are due for delivery this month and January 2015.

The shipowner has already carried out a private placement which raised $22.5m last year to help fund the newbuildings.

Greenship controls the bulker fleet of Jaccar Holdings, the investment company of Jacques de Chateauvieux, and is operated out of Singapore.

Its