EuropeFinance and InsuranceGreater ChinaTankers
Navig8 Chemical Tankers seals double sale and leaseback with AVIC
Navig8 Chemical Tankers has sold two 37,000 dwt product tankers to China’s AVIC International Leasing and will charter them back on 10-year charters.
Navig8 will pocket $52.4m from the transaction and has repaid existing loans used to finance the vessels.
The bareboat charters for the vessels include options to re-acquire the vessels from two years onwards and an obligation to re-acquire them at the end of the charter.