Berge Bulk's loans have been arranged by the Japan Bank for International Cooperation (JBIC) and will be co-financed with The Bank of Tokyo Mitsubishi UFJ as lead arranger.
Berge Bulk handysize delivery dates for the two 37,000-dwt bulkers were not disclosed, nor were details of the financial terms for the loans.
In March this year Berge Bulk secured export credit financing from JBIC for six handysize bulkers ordered at Namura Shipbuilding. With this latest loan to Berge Bulk, JBIC’s total ship export loan commitments for FY2014 stand at a total of 22 ships.
Dry Bulk Shipping News - Shipbroker Notes