The Jacques de Chateauvieux-backed bulker owner now has until 30 June 2021 to repay the funds to Turner Shipping Inc.
As part of the new arrangement Turner will now also receive interest payments of 5.8% per annum from 2018 until the maturity date.
The new terms of the loan were approved at the Greenship’s EGM in Singapore last week, the company confirmed Wednesday.
