The state shipping group has increased the annual interest rate from 1.2% to 2%.
CSC had repaid $2m of the loan on 16 March and is committed to make three further instalments of $2m, $2m and $4m by the end of the year.
The initial agreement wanted CSC to draw down the facility by November 2015 but the company has been given one extra month to meet its obligations.
Sinotrans
