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Tankers and Gas Suez and Aframax Finance

FSL taps Chinese leasing firm for twin LR2 sale-and-leaseback deal

The Singapore-based company said the sale is expected to generate about $58.5m, which will be used to finance the remaining payments to the shipyard under the relevant shipbuilding contracts

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The two long range two product tankers are being constructed at Cosco Shipping Heavy Industry. FSL Trust said it had considered several financing options, including bank financing, before accepting the offer from the leasing company

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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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