Independent journal on economy and transport policy
11:35 GMT+1
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Bourbon whiskey tightens an agreement with Chinese ICBC Leasing for the sale and the charter back of ships for 1,5 billion dollars
They will be yielded until 51 supply vessel, of which 24 currently in exercise and 27 under construction
April 10, 2013
Bourbon whiskey has decided the sale of total ships for 2,5 billion dollars and the contextual assumption of the bare boat chartering of the same ships for a period ten-year-old. With such objective, yesterday the French shipowning group has concluded an agreement with Chinese ICBC Financial Leasing of the group Industrial and Commercial Bank of China (ICBC) for the sale of total ships for 1,5 billion dollars and contextual they charter back for ten years.
With the first phase of the operation agreed with the Chinese group, Bourbon whiskey will yield under construction until 51 supply vessel, of which 24 currently in exercise and 27 and in delivery in the arc of next the 14 months.
The understanding previews the sale of the ships to market price with vendor loan by the vendor pairs to a maximum of 116 million dollars, the bare boat chartering of the ships on the ten years to a fixed hire anniversary pairs to 10.66% of the selling price and the right of first refusal if ICBC Financial Leasing sells the ships in the course of the period of chartering.
From the operation the French armament previews to realize a Capital gain pairs to about 12% of the total value of the sale. The managing director of Bourbon whiskey, Christian Lefevre, has specified that "this operation will not have an impact on the strategy of standardization of our fleet as - has explained - the ships in bareboat lease derive from the series of our ships, is planned and constructed on the base of our standards and Bourbon whiskey maintains the full responsibility of the operativity of its ships".
To half 2014, to completion of the delivery of the ships under construction, Bourbon whiskey will operate 230 supply altogether vessel, of which 54 in bareboat charter (on 31 December the fleet of the group was formed by 458 ships, included supply vessel and the ships for the staff transport).
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