Scorpio Bulkers to Get Loan for Kamsarmax Pair(marine crane manufacturer;offshore crane manufacturer)

- Jun 12, 2018-

The company has received a commitment for a loan facility of up to USD 30 million from ING Bank N.V. to refinance SBI Zumba and SBI Parapara.

SBI Zumba and SBI Parapara were built in China in 2016 and 2017, respectively. Each of the two ships has a market value of around USD 24 million, VesselsValue’s data shows.

As informed, the loan facility has a final maturity date of five years from drawdown date and bears interest at LIBOR plus a margin of 2.20% per annum.

Scorpio said that this loan facility increases the company’s liquidity by approximately USD 8 million after repayment of the vessels’ existing debt. It is subject to customary conditions precedent and the execution of definitive documentation.

Scorpio Bulkers has an operating fleet of 56 vessels consisting of 55 wholly-owned or finance leased drybulk vessels and one time chartered-in Ultramax vessel. In addition, one Kamsarmax vessel which is being constructed at Jiangsu New Yangzijiang Shipbuilding in China is expected to be delivered to the company in the second quarter of 2018.(marine crane manufacturer;offshore crane manufacturer)



Product Description

This kind of truck mounted cranes can be used for multiple work applications, such as electric line maintenance and construction, transmission and distribution, tree trimming and other related uses. Articulating cranes, which are also known as knuckle boom cranes, are designed to be heavyweight and highly maneuverable for maximum payload while working in tight spaces.

With a lifting capacity up to 200 ton meters, OUCO Knuckle boom Truck mounted Cranes are a popular choice for construction, mining, marine industries and others. 

(marine crane manufacturer;offshore crane manufacturer)

Main Features And Advantages

1. Middle size semi-knuckle boom crane, real lifting capacity can be 50-60t, heavy duty achieved

2. Can be installed at the end of the truck, will not take much space of the ruck, easy for loading cargoes

3. Not limited by space, can work under limited height area

4. Machining after welding, surface looks clean and beautiful

5. Not only are these truck mounted cranes designed and manufactured with the latest safety features, but truck mounted cranes themselves are rigorously tested in accordance with the International ISO 9001 standards.

6. OUCO truck mounted cranes are not only capable of lifting, but also capable of transportation.

7. OUCO truck mounted cranes can be used inside the buildings and workshops for multiple applications, which saves space and works more efficient.