Maersk Product Tankers Completes Sale And Leaseback Agreement
Maersk Product Tankers has entered a sale and leaseback agreement for four MR vessels built in 2015 and 2016 with the Industrial and Commercial Bank of China (ICBC).
Maersk Product Tankers has entered a sale and leaseback agreement for four MR vessels built in 2015 and 2016 with the Industrial and Commercial Bank of China (ICBC).
“The agreement will increase financial flexibility and strengthen the financial position of Maersk Product Tankers,” says Morten Mosegaard, Chief Financial Officer at Maersk Product Tankers.
Maersk Product Tankers continues to hold a strong balance sheet. The company further has an attractive newbuilding programme, which was contracted in a market where prices were at a low point in their cycle.
ZPMC recently signed the share subscription agreement with COSCO Shipping Holdings for private A share of 111,111,111 at the price of CNY 3.78 for each share. As explained, the investment is expected to further deepen collaboration between ZPMC and COSCO in the port machinery, maritime engineering as well as services and logistics. Specifically, ZPMC intends…
Fincantieri has joined the largest business sustainability initiative of the world, United Nations Global Compact, to strengthen it’s corporate responsibility. After the proposal of the former UN Secretary-General Kofi Annan at the World Economic Forum in Davos in 1999, this Global Compact came into existence. About 10,000 companies from more than 160 countries have joined…
Verifavia, the world’s leading emissions verification company for the transport sector (aviation and shipping), today urged ship owners and operators to submit their data collection plans to verifiers by the recommended IMO deadline of September 1st 2018. The IMO Data Collection System (IMO DCS) which came into force on March 1st 2018 requires ships of…
During the 4th Eastern Economic Forum (EEF), PAO Sovcomflot (SCF Group) signed a set of agreements with Rosneft, Zvezda Shipbuilding Complex and VEB Group, placing orders with Zvezda for a series of two next generation large-capacity Aframax tankers. VEB-Leasing will finance the construction of the tankers, whilst a subsequent 20-year time-charter for them has been…
The financing will be used for two vessels: M/T Eco California, currently under construction at Hyundai Mipo Co. in South Korea and 2016-built oil and chemical tanker M/T Nord Valiant. The financing is being provided by an undisclosed Chinese leasing company. “We are very pleased to have concluded this financing with a very high-quality financier…
The International Maritime Organization (IMO) has been celebrating its major anniversaries during 2018, with a focus on the achievements of the past decades as well as the challenges of the future, as the Organization seeks to promote safe, secure, environmentally sound, efficient and sustainable shipping. The Convention establishing IMO was adopted on 6 March 1948…
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More