XINDE MARINE NEWS
CSSC Leasing and RED BOX signed a sale-leaseback contract worth 130 million U.S. dollars! xinde marine news Sarah Yu 2021-05-21 17:13

CSSC Leasing announces that on 20 May 2021, Fortune Haumea and Fortune Poseidon, its wholly-owned subsidiaries, entered into a Memorandum of Agreement with the purchaser, Red Box Energy Logistics, for the sale of two polar class heavy deck carriers. For a consideration of approximately $130 million, the company expects to make an unaudited paper gain of approximately $19.685 million on the sale of the ships.
 
In addition, Fortune MC Hercules and Fortune MC Titan, the company's wholly-owned subsidiaries, entered into a subsequent memorandum of agreement and bareboat chartering contract with Red Box Energy Logistics (the charterer).
 
Fortune MC Hercules and Fortune MC Titan have agreed to purchase the ship from the charterer at a consideration. And lease back the vessel to the charterer for a total estimated payable by the charterer of approximately US $150 million. The period is 36 months from the date of delivery, and the rent is paid in 12 installments.
 
The project is being built by Guangzhou Shipyard International. The ship can break ice on a 1.5-meter-thick ice layer, and can reach a speed of 2 knots, close to 3.8 kilometers per hour, and its performance exceeds the "XUE LONG".
 
Source: Sarah Yu, XINDE MARINE NEWS

The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.

Please Contact Us at:

media@xindemarine.com


展开全文

Related Posts

Ningbo Containerized Freight Index Weekly Commentary: Overall Demand Continues to Increase, and Most

NINGBO SHIPPING EXCHANGE2025-12-30

CIMC Enric Announces Commissioning of China’s First Large-Scale Bio-Based Green Methanol Project

xinde marine news2025-12-16

Ningbo Containerized Freight Index Weekly Commentary: Most Routes have Insufficient Demand, and the C

NINGBO SHIPPING EXCHANGE2025-11-24

Ningbo Containerized Freight Index Weekly Commentary: Transportation Demand Remains Weak, and Freight

NINGBO SHIPPING EXCHANGE2025-11-17

Ningbo Containerized Freight Index Weekly commentary: Overall Shipments have Slowed Down, and the Com

NINGBO SHIPPING EXCHANGE2025-11-11

Ningbo Containerized Freight Index Weekly Commentary: Overall Demand has Increased, and Freight Rates

NINGBO SHIPPING EXCHANGE2025-11-03