Singapore: The Japan Bank for International Cooperation has signed buyer's credit agreements for funding the purchase of two bulk carriers with Singapore-based Berge Bulk. These loans are cofinanced with The Bank of Tokyo -Mitsubishi UFJ as lead arranger, and with Nippon Export and Investment Insurance (NEXI) providing insurance for the portion cofinanced by a private financial institution.
Berge Bulk is using the cash to buy two 37,800 dwt ships from Imabari Shipbuilding. These latest loans follow the previous buyer' s credits to Berge Bulk in August 2013 and March 2014. [01/10/14]