Independent journal on economy and transport policy
04:32 GMT+1
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of Tankers Friend, sales and lease back of the medium High range Stock trader
Positive effect of case for 8,6 million dollars
November 30, 2018
of Tankers Friend, controlled operating of Friend International Shipping (DIS), it has signed an agreement for the sale and lease back of the High Stock trader, a ship "medium range" of gross capacity pairs to 49.990 tons and constructed in 2015 near the Hyundai-Mipo South Korean for 27,0 million dollars. DIS has specified that this agreement allows with of Tankers Friend generating 8,6 million dollars of case at the moment of the delivery of the ship, to clearly of the commission and of the reimbursement of the debit it pre-exist, contributing therefore to the strengthening of its position of liquidity 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 it will maintain to the full control of the ship graces to a contract of bare boat chartering of the duration 10-year-old, with obligation of purchase to the term of the contract. The company - DIS has announced - has moreover the option beginning from to buy back the High Stock trader according to year from its sale, with three months of warning and to the competitive financial costs.
Today, fleet DIS comprises 50,5 tankers to double hull (MR, Handysize and LR1) of medium age pairs to 7,1 years (of which 25 ships of property, 19,5 rental Time-charter and six rental one to bare boat). DIS has moreover five ships in business management. of Tankers Friend it has also contracts in being with Hyundai Mipo Dockyard Co. for the construction of two new tankers LR1 with delivery previewed in the first trimester of 2019.
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