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27 May 2020 The on-line newspaper devoted to the world of transports 17:15 GMT+2

January 7, 2019

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of Tankers Friend, sale and lease back of a new product tanker LR1

It is yielded for 38,6 million dollars

of Tankers Friend, operating society of Friend International Shipping (DIS), has signed an agreement for the sale and lease back of ship LR1 Sky of Houston, of the gross capacity of 75.000 tons, currently under construction near the South Korean yard Hyundai Mipo and with delivery previewed in the course of the current month. The ship is sold for an amount pairs to 38,6 million dollars.

DIS has announced that this agreement allows with of Tankers Friend generating case, at the moment of the delivery of the ship, for an amount pairs to about 10,2 million dollars to clearly of the commission and of connected additional costs, regarding pre-exists financing, contributing therefore to the strengthening of the position of liquidity of DIS in sight of the completion of own program of renewal of the fleet and allowing with the society to benefit of the wait market resumption.

As a result of this operation of Tankers Friend will maintain to the full control of the ship graces to a contract of bare boat chartering of the duration 10,2-year-old. of Tankers Friend it has moreover the option to buy back the ship after about five years and seven contract years.


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