The Hong Kong-listed owner is borrowing $16m to cover the cost of a planned purchase, it said today.
In an exchange filing the company doesn't say whether it plans to order a newbuilding or turn to the second hand market.
Last month Great Harvest paid $9.36m for the 70,257-dwt Energy Rose (built 1997).
The addition took the company’s fleet to four panamaxes and one 23-year-old capesize vessel.
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