In a major development, Maersk Product Tankers has announced that they have entered into a sale and leaseback agreement with ICBC Financial Leasing Co., Ltd. for four of their MR vessels built in 2015 and 2016, says a press release published on their website.
How will it help Maersk?“The agreement will increase financial flexibility and strengthen the financial position of Maersk Product Tankers,” says Morten Mosegaard, Chief Financial Officer at Maersk Product Tankers.
Significant Capital Releasehttp://mfame.guru/maersk-product-tankers-completed-sale-and-leaseback-agreement/