China Exim Bank is providing $94m to finance six new Navibulgar bulkers.
The deal was signed by Sun Ping, deputy governor of China Exim Bank, in the presence of Chinese premier Li Keqiang and Bulgarian prime minister Boyko Borisov, the lender said.
The cash will back a series of 45,000-dwt energy-saving and environmentally-friendly vessels ordered last year at Yangzijiang.
