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Sale and Purchase
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Latest From Sale and Purchase
Company will have no credit facility maturities for seven years after using the funds to refinance bank debts
Both companies decline to comment, but industry sources say a sale-and-leaseback deal is under discussion
Market participants anticipate a recovery in the second half of the year
Scorpio Bulkers will bareboat charter the vessels for 11 years with purchase options after the fourth year
Bill calls for a minimum 1% of US crude and 2% of LNG exports to be carried on local vessels in five years
The latest deal with ICBC is worth $94m
The first pair was originally placed with Daehan by Norwegian company Faerder Tankers before being purchased by the Angelicoussis Group.
If the company succeeds in selling more vessels, it may look to add tankers built in the last 10 years, Torm’s executive director tells Lloyd’s List
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