Hong Kong: Hong Kong-listed Great Harvest Maeta Group announced that its wholly-owned subsidiary United Edge Holdings has entered into a loan agreement with an unnamed bank to grant a loan facility of $16m to the company to finance the acquisition cost of a secondhand 93,315dwt panamax bulker.
Great Harvest Maeta signed an agreement to purchase the bulker for $22.8m in May.
Great Harvest Maeta Group is primarily engaged in the vessel chartering business. It currently has four bulkers in its fleet. [08/07/14]