D’Amico in fresh sale & leaseback deal

damico-eco-tanker

D’Amico International Shipping announced that its subsidiary d’Amico Tankers had agreed with an unnamed Japanese company for the sale and leaseback of MR product tanker High Loyalty (2015) at the price of 28.5 million dollars.

The company will raise about 13.3 million dollars in cash after the payment of the vessel’s existing loan. D’Amico will take the vessel back on a 10-year bareboat charter, which includes a purchase obligation at the end of the charter period and options to re-purchase the vessel.

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