Scorpio Tankers Bags Sale and Leaseback Deals for Four More PCs(marine crane manufacturer;offshore crane manufacturer)
- Jun 26, 2018-
The ships in question involve two MR product tankers, STI Gramercy and STI Queens, and two LR2 product tankers, STI Oxford and STI Selatar.
As part of the deal, Scorpio will bareboat charter-in the vessels for a period of seven years.
The company has purchase options beginning at the end of the third year of each agreement. There is also a purchase obligation for each vessel upon the expiration of each agreement.
Scorpio expects its liquidity to be bolster by USD 42 million in aggregate after the repayment of outstanding debt.
The deal is part of a major plan revealed by the company in April 2018 to raise up to USD 334 million through a series of bank loans and sale leasebacks.
As part of the initiative, the company inked a sale and lease back deal for six MR product tankers with China Huarong Shipping Financial Leasing back in May.
During the same month, Scorpio announced commitments from four European banks for up to USD 195.9 million worth of loans and a sale and leaseback deals for five of its product tankers with AVIC International Leasing.(marine crane manufacturer;offshore crane manufacturer)
For Rural Property Owners With Woodlots, The Timber Log Trailer Is Incredibly Useful, Offering Handy Ways To Make The Most Use Of The Same Forestry Trailer. Our Trailers Are Available In Various Configurations And Numerous Extras, Including A Cargo Box, Which Allows The Trailer To Transport Just About Anything Solid.
The Timber Trailers Are Suitable For Everyday Jobs In Challenging Conditions Around The Property But Also For Companies In The Forestry Sector, Who Require A Simple Solution For Hauling Logs From Places Where Larger Equipment Cannot Operate In (Like Parks, Wet And Soft Terrain, Dense Forests, Etc.).
(marine crane manufacturer;offshore crane manufacturer)