ORIX Corporation (TSE:8591) said it was looking to buy more shipping loans in Europe after confirming that it would purchase $289 million worth of such debt from Royal Bank of Scotland in a landmark deal. "Orix views these current market conditions as a favorable investment opportunity," it said in a statement. "And therefore, Orix aims to increase activity in investment grade shipping-related loans held primarily in Europe, such as those involved in the current acquisition, as well as to expand its business operations in the shipping sector," ORIX said.