Pohjola Bank to Finance ESL Supramax

17 August 2010 (Last Updated August 17th, 2010 18:30)

ESL Shipping has signed an agreement with Pohjola Bank to extend a €25m ($32m) loan to help finance its 56,150dwt Supramax vessel. The vessel, being built at South Korea's Hyundai Mipo Dockyard, will cost ESL €30m ($38m). The loan will have a 12-year maturity period

ESL Shipping has signed an agreement with Pohjola Bank to extend a €25m ($32m) loan to help finance its 56,150dwt Supramax vessel.

The vessel, being built at South Korea’s Hyundai Mipo Dockyard, will cost ESL €30m ($38m).

The loan will have a 12-year maturity period.

The ship will be delivered in 2012.