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CSSC Shipping in sale and leaseback deals for three gas carriers

Photo: CSSC cssc gas carrier[87].jpg
CSSC (Hong Kong) Shipping Company has inked sale and leaseback contracts for three large-size gas carriers.

The company’s wholly-owned special purpose vehicles have entered into the Memorandums of Agreement and bareboat charters with Tinos Maritime, Syros Maritime and Astipalea Maritime, which are companies incorporated under the laws of the Republic of Panama and are directly and wholly owned by Pearl Petrochemical, for purchase and leas back of three 93,000 cu m gas carriers at approximately $210m.

The vessels are expected to be delivered by March 2024, June 2024 and October 2024, respectively. 

The company believes the deal will strengthen the group’s leasing business and is in consistent with the group’s overall business development strategy. 

CSSC (Hong Kong) Shipping operates a fleet of 124 vessels and 31 newbuildings as the middle of this year. Its fleet use ratio has reached 100%.


TAGS: Tankers Asia