Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

2625812d74583367de4d986d7a7ce487

Navig8 Chemical Tankers inks sale and leaseback deal with ICBC

Navig8 Chemical Tankers Inc. has entered into a sale and leaseback agreement with China’s ICBC Financial Leasing for four 37,000-dwt product tankers.

Under the agreement, the tankers were sold and delivered to ICBC. Navig8 Chemical Tankers in turn entered into bareboat charters with the Chinese bank for the tankers.

Purchase options are available for Navig8 Chemical Tankers to re-acquire the tankers during the charter period.

Navig8 Chemical Tankers said it received net proceeds of $94.71m from the transaction. A portion of the proceeds was utilised to repay existing loans used to finance the newbuilding contracts under a multi-bank loan facility.

newsletter

Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish
Maritime_Market_User_Promo_4
Looking For Suppliers?

Maritime Market is the online marketplace for the global maritime industry, making it easy to connect with suppliers 365 days a year. Powered by an extensive database of maritime professionals and businesses.

Maritime_Market_User_Promo_4