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Concordia Maritime does second sale and leaseback
Sweden’s Concordia Maritime continues to put cash in the bank completing a second sale and leaseback agreement this month, this time for suezmax tanker Stena Supreme. Concordia says it sold the suezmax to one of Japan’s largest ship owning companies, chartering the vessel back on a 12-year bareboat charter with annual purchase options from the third year onwards. The transaction, scheduled for late November, is worth $22m giving Concordia an accounting profit of around $1.8m. http://splash247.com/concordia-maritime-second-sale-leaseback/
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