Taiwanese lender SinoPac continues to expand its footprint in the ship finance market in a transaction with Thai bulker owner Precious Shipping.
The Khalid Hashim-led shipowner has secured a $18m loan to finance the recently acquired 39,260-dwt handysize bulker Hatthaya Naree (built 2015).
The vessel is the former Western Panama, which was acquired from Japanese owner Nisshin Shipping in March for $18.6m.
