Oslo-listed 2020 Bulkers is to cut costs with a new cheaper $162.5m term loan.
The newcastlemax bulker owner said it is replacing a $180m facility maturing in August 2024 with one running to March 2027.
No lenders have been named, but the Tor Olav Troim-backed shipping company said the interest rate has been reduced from Libor plus 2.5%
