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Ardmore Shipping announces refinancing of 3 vessels

Logistic News - Published on Thu, 06 Dec 2018

Image Source: Hellenic Shipping News
Ardmore Shipping Corporation announced that it has signed binding agreements for the refinancing of three vessels. Ardmore has signed agreements for the sale and leaseback, under a finance lease arrangement, of the Ardmore Exporter and Ardmore Seavanguard, two 2014-built 50,000 Dwt Eco-design MR tankers, with a high-quality financier in China. The lease agreements are for a period of seven years, and the Company has options to repurchase each vessel at various stages prior to maturity.

Additionally, the Company has signed an agreement for the sale and leaseback, under a finance lease arrangement, of the Ardmore Engineer, a 2014-built 50,000 Dwt Eco-design MR tanker, with a high-quality financier in Japan. The lease agreement is for a period of eleven years, and the Company has options to repurchase the vessel at various stages prior to maturity.

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Posted By : Joykumar Irom on Thu, 06 Dec 2018
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