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Seacon buys chemical tankers in leaseback deal with Union Maritime

Busy Chinese shipowner and operator Seacon Shipping has picked up a pair of chemical and product tankers for $28m.

The Hong Kong-listed firm is paying $14m each for the 2012 Taizhou Sanfu-built Kenrick and Enford, both linked to UK bulker and tanker player Union Maritime.

Both ships should deliver in December this year. As part of the deal, Union Maritime will charter back the 16,800 dwt duo for two years at $16,250 per day, with a one-year extension option attached at a daily rate of $16,500.

Qingdao-based Seacon has recently concluded its own sale and leaseback with Bank of Beijing Financial Leasing for the 13,500 dwt general cargo ship Seacon Yokohama in a $21.25m deal and a bareboat charter for 10 years.

In addition, the company lifted a purchase option for the 2010-built supramax bulker Seacon Dalian at Bank of Communications Financial Leasing (BoCom Leasing) to sell it to Indonesia’s PT Cakra Buana Resources Energi for $12.8m.

Seacon also recently added the 2009-built 17,100 dwt chemical tanker Chem Lyra through a 60-month bareboat deal, which included an obligation to buy at the end and a prior-end purchase option worth around $14.6m in total.

Adis Ajdin

Adis is an experienced news reporter with a background in finance, media and education. He has written across the spectrum of offshore energy and ocean industries for many years and is a member of International Federation of Journalists. Previously he had written for Navingo media group titles including Offshore Energy, Subsea World News and Marine Energy.
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