Finnish bulker owner ESL Shipping's parent Aspo has signed a term loan facility agreement amounting to EUR 15m ($16.75m).
The Nordea loan matures over three years and will be repaid in one instalment at the end of the period.
"The signed agreement extends the overall maturity of Aspo’s credit portfolio," it said.
The cash will go towards general corporate purposes and will also be used to pay back an existing loan of similar value.
