Italy’s Grimaldi Group is tapping the Luxembourg-based European Investment Bank (EIB) for a EUR 200m ($212.5m) loan to finance car carriers.
The cash will go towards the EUR 501m cost of up to 10 newbuildings at the Yangfan and CSC Jinling shipyards in China, the Cihan News Agency said.
The company has five firm ships confirmed at Yangfan in a deal worth $300m, with seven options, and three firm vessels at Jingling worth $165m, with one option, all for delivery in 2017.
Approval
