Seeking a RBL5.86bn ($104m) loan from Sberbank, Murmansk Shipping Company has put all of its assets down as collateral.
As collateral, the line has offered its 13 vessels, all of the shares in the company, and three buildings.
The Russian Arctic specialist has outlined plans to order three new 30,000 dwt bulkers before the end of this year as part of a fleet rejuvenation process.
The Russian line, founded in 1939, has a fleet of 27 ships equating to 541,000 dwt. The breakdown of the fleet includes 15 bulkers, a passenger ship, five tankers and an icebreaker.