Interorient Shipmanagement of Cyprus is planning to expand its fleet with a new loan of $11.4m.
The cash has come from the European Bank for Reconstruction and Development (EBRD).
EBRD said Interorient will make a series of investments to increase its ability to build on its client base and boost the fleet under management.
“This investment will also contribute to the recovery of the Cypriot economy which should also lead to higher levels of activity in the shipping sector,” it added.
The
