Scorpio Bulkers $ 42m loan

New York-listed Scorpio Bulkers says a European lender has stepped forward with a $42m loan for a pair of kamsarmaxes.
Scorpio Bulkers explains the six year facility will cover 60% of the two ships on order at Imabari Shipbuilding in Japan.
Deal brought its financing to a total of $1.388bn for 64 ships out of 80 in its fleet. Fearnley Securities described that loan as a major positive for the company, suggesting its funding gap had been reduced to $120m.
Scorpio Bulkers has 80 vessels of a collective 8,561,000 dwt, including 28 capesizes to its name.