Ultrabulk lands attractive Japanese financing

Ultrabulk has secured USD 37.3 million for two ships from Japanese export institutions. Attractive financing that the carrier might draw on again, CEO Per Lange tells ShippingWatch.

Ultrabulk has landed financing for two 36,780 dwt dry bulk newbuildings from Japanese Oshima Shipbuilding Co., and perhaps not for the last time, Ultrabulk CEO Per Lange tells ShippingWatch.

The financing concerns USD 37.3 million made available by Japanese Bank for International Cooperation (JBIC) along with the Tokyo Branch of BNP Paribas Bank. Nippon Export and Investment Insurance has provided insurance for part of the loan, according to JBIC.

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