Scorpio Bulkers secures new loan for kamsarmax pair

Scorpio Bulkers secures new loan for kamsarmax pair

Emanele Lauro’s Scorpio Bulkers has received a commitment for a loan facility of up to $30m from ING Bank to refinance two of the company’s kamsarmax bulk carriers, SBI Zumba and SBI Parapara.

The loan facility has a final maturity date of five years and increases the company’s liquidity by approximately $8m after repayment of existing debt attached to the pair.

Scorpio Bulkers has an operating fleet of 56 vessels and has one newbuilding under construction at Yangzijiang Shipbuilding.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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