MOL in cash-raising endeavors

MOL in cash-raising endeavors
   Japanese ocean carrier MOL has agreed to a three-year 30 billion yen (roughly $354 million) loan agreement with a consortium of banks headed by Sumitomo Mitsui Banking Corp., according to a report Monday by Bloomberg.
   Separately, the line late last month registered with Japan's finance ministry to issue $1.2 billion worth of bonds.
   MOL didn't immediately return a request for comment from American Shipper on the loan agreement. The line operates bulkers and tankers as well as containerships.