Grindrod Shipping has cut a deal to finance two newbuildings and sell two ships.
The Singapore-based, New York-traded bulker and tanker owner announced after the close Monday that IYO Bank had approved a $31.4m loan to finance the IVS Okudogo and IVS Prestwick.
Both ships are 61,000-dwt, under construction at Shin Kurushima Toyohashi shipyard in Toyko and set to be delivered in the third quarter according to VesselsValue.
