Bulk carrier Eagle Bulk Shipping's subsidiary Eagle Bulk Ultraco has just had a USD 208 million credit facility approved, announces the carrier in a press release.
The funds will finance the installation of scrubbers across Eagle Bulk's fleet. The exhaust-rinsing technology is one of many new approaches to comply with the impending sulfur regulations from the IMO taking effect in 2020. The credit facility will also be used to refinance existing debt in subsidiary Eagle Bulk Ultraco and in Eagle Shipping.
Get full access for you and your coworkers.Start a free company trial today
Already a member? Log in.