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August 17, 2010

Pohjola Bank to Finance ESL Supramax

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

By cms admin

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.

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