Exmar refinances ten LPG vessels with sale and leaseback deal

Exmar refinances ten LPG vessels with sale and leaseback deal

Nicolas Saverys led Exmar has announced the refinancing of its entire fully-owned fleet of pressurised gas carriers.

The refinancing is being done via several sale and leaseback deals with Japanese owners which see Exmar taking the vessels back for up to six years.

The vessels are all currently chartered out by Exmar, who will generate around $60m cash from the deal, which is expected to close by the end of the year.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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