Euronav announces that it has entered into a sale and leaseback agreement for the VLCC Newton (2009 – 307,284) with Taiping & Sinopec Financial Leasing Ltd Co. The vessel was sold for USD 36 million, reports CSN.
About The TransactionThe transaction produced a capital gain of about USD 2.4 million. After repayment of the existing debt, the transaction generated USD 19 million free cash. The vessels were delivered to their new owners on February 22th, 2021. Arctic acted as the sole financial...
https://mfame.guru/euronav-entered-into-sale-and-leaseback-agreement-for-vlcc/