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Dry Bulk Asia Pacific International

Grindrod in sale-and-leaseback bulker deal

Singapore-based Grindrod Shipping has entered into a sale-and-leaseback deal for a bulker, its third in recent weeks. It has the option to purchase the vessel back after the second year of the 12-year bareboat charter

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The sale is expected to generate about $5.4m in cash after settling debt associated with the vessel

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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