The company told the Shanghai stock exchange that Taici Investment has provided the cash over six months to boost working capital.
The owner has recently cancelled a bulker order at JES International in China after the shipbuilder’s yard subsidiary filed for court-led debt restructuring.
Zhongchang had signed a deal for two 47,500-dwt ships in 2010 together with Minsheng Financial Leasing. It tore up a deal for the first vessel last year to cut operational costs.
