ShippingWatch

Scorpio Bulkers gets millions of dollars in credit from Nordic banks

Two major Nordic banks issue a triple-digit million dollar credit line to Scorpio Bulkers, which the carrier will use to finance a total of 12 ships.

Photo: Scorpio Bulkers

Dry bulk operator Scorpio Bulkers has entered a financing agreement with Nordea and SEB for a credit facility of up to USD 184 million.

The money will be used to finance around 60 percent of the fair market value for six ultramax bulkers and six kamsarmax bulkers, the company writes in a stock exchange notice.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs