Boxship owner Seaspan has secured new loans totalling $220m as it logged bigger first quarter profit.
The US-listed company said a term facility had been arranged for $120m to finance two new 10,000-teu vessels due to be delivered in the second quarter of 2018.
Seaspan said only that the interest rate is Libor plus a margin.
It has also arranged a credit facility of $100m secured against 11 previously debt-free ships.
