The South Korean company said the funds will be used to secure vessels for cargo contracts in the period up to 30 November 2016 when the second vessel is delivered.
The vessels are most likely the two capesize carriers Pan Ocean, which emerged from court receivership last year after Korean lenders swapped debt for equity in a $1.17bn deal, has on order at Hanjin Heavy Industries.
Pan Ocean says the investment is equal to 47% of its equity capital. Last month the South Korean owner reported a net profit of $34.3m for the three months ended 31 March 2014, compared with a loss of $1.3bn in the fourth quarter of last year and $60.4m in the corresponding period a year ago.
