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Japanese dry bulk carrier obtains vital capital

According to several media sources, Daiichi Chuo has received a cash injection from a number of Japanese shipping companies which have joined forces to lend money to the distressed shipowner.

Photo: Rotterdam Havn

A long line of companies have collectively secured a loan for the distressed dry bulk carrier Daiichi Chuo Kisen Kaisha, the carrier informs according to several media sources.

In total, 14 companies, including yard Imabari Shipbuilding, have come to the rescue of Daiichi with a loan of JPY 2.29 billion, which corresponds to USD 20.33 million, writes Splash24/7.

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