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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

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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