Scorpio Bulkers has fixed a nearly $13m loan to pay for a Kamsarmax bulk carrier set for delivery in this year's third quarter.
The Monaco-based company has received a commitment for a loan facility of up to $12.75 million to finance the vessel, being constructed by China's Jiangsu New Yangzijiang Shipbuilding.
The loan, secured from a "leading European financial institution," has a final maturity date of five years from delivery and will carry interest at LIBOR plus 2.4%.
