Scorpio Bulkers secures funding for Golden Ocean ultramaxes

Scorpio Bulkers secures funding for Golden Ocean ultramaxes

Emanuele Lauro-led Scorpio Bulkers has sealed a loan facility of up to $85.5m from Nordea Bank and Skandinaviska Enskilda Banken, which will be used to finance the $142.5m acquisition of six ultramaxes from John Fredriksen’s Golden Ocean.

Scorpio pounced last month for the six Chengxi-built bulkers, all built between 2015 and 2017, after two years of scaling back its fleet.

The loan facility matures in February 2023 and bears interest at LIBOR plus 2.85% per annum. It is subject to conditions and the execution of definitive documentation.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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