Japan Bank for International Cooperation (JBIC) has agreedto lend the Hong Kong-listed shipowner $350m, a statement on its website says.
Citibank, Bank of Tokyo Mitsubishi UFJ and Sumitomo MitsuiTrust Bank are joint arrangers of the loan.
Pacific Basin has 17 bulkers on order at Japanese yards rangingin size between 37,000-dwt and 55,850-dwt for delivery through 2017, accordingto Clarksons.
The vessels are under construction at Imabari Shipbuilding,Shimanami, Kanda Shipbuilding and Oshima Shipbuilding.
It
