Finland’s ESL Shipping has secured further financing for its series of innovative hybrid electric bulkers being built in China.

AtoB@C Shipping — the company’s Swedish subsidiary — has signed a €32.2m ($32m) loan agreement with compatriot lender Svenska Skeppshypotek.

The finance matures over 15 years and will go towards the first six 5,350-dwt vessels on order at Chowgule Shipyard.