HIGH FIDELITY
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d'Amico tankers completes sale and leaseback deal for Tanker "High Fidelity"
Product tanker specialist d'Amico International Shipping S.A. (Borsa Italiana: DIS) reports that its operating subsidiary d'Amico Tankers D.A.C. (Ireland) has signed a memorandum of agreement and bareboat charter contract for the sale and leaseback of the MT High Fidelity, a 49,990 dwt medium-range product tanker vessel, built in 2014 by Hyundai-Vinashin Shipyard Co. Ltd. for a consideration of $ 27.0 million. The company says that the transaction allows d'Amico Tankers to generate around US$ 11.2 million in cash, net of commissions and reimbursement of the vessel's existing loan, contributing to the liquidity required to complete DIS' fleet renewal program and allowing the company to benefit from the anticipated market recovery. Source: marinelog
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