Norvic Shipping has announced clinching a $42.5m loan with American lenders.

The five-year working capital revolving credit facility “will allow Norvic to grow its existing business and expand into new markets,” according to a LinkedIn post by financial advisers RMK Maritime, which helped arrange the deal with “a syndicate of major US banks”.

Norvic, a company describing itself as a “leading international operator of dry bulk vessels… [with] over 100 ships in the water at any given time,” hasn’t been shy about setting ambitious goals.