Danish tanker operator Torm has sealed sale and leaseback deals for six MR tankers, the company revealed in its latest set of results.
The first deal is with a Chinese party, and is for four 2011-built MRs the company acquired from German owner Offen Claus-Peter in June. It agreed to pay $83m for four Hyundai Mipo-built vessels, CPO Australia, CPO Malaysia, CPO Singapore, CPO New Zealand.
Under the sale and leaseback agreement, Torm will receive proceeds of $66m for the quartet and has a purchase obligation in 2025.
The company also agreed two separate scale and leasebacks with Japanese parties, for 2016-built Torm Torino and Torm Titan, providing proceeds of $52m. Both deals include purchase obligations, for Torm Torino in 2024 and Torm Titan in 2026.