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2011 October 18   11:14

Precious Shipping inks $85m loan from two banks

Precious Shipping has secured a term loan facility of $84.96m with ING Bank and DnB NOR Bank for the financing of four new dry bulk carriers, Seatrade Asia online reports. The banks will provide up to 80% financing of the total acquisition cost of $106.2m for the four new 57,000 dwt supramaxes to be built in China.

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