Sold to Leaseback
Marine transportation company d’Amico International Shipping (DIS), subsidiary d’Amico Tankers has signed for the sale and leaseback of the “High Loyalty” for a consideration of US$ 28.5 million.
“High Loyalty” is a 49,990DWT medium-range product tanker vessel built in 2015 by Hyundai Mipo in South Korea.
Full Maintenance Control
Through this transaction, d’Amico Tankers will maintain full control of the vessel, as a 10-year bareboat charter agreement was also concluded with the buyer, with a purchase obligation at the end of the charter period.
Repurchase option
Furthermore, d’Amico Tankers has the option to repurchase the vessel, starting from the second anniversary of her sale at a competitive cost.
As of today, d’Amico International Shipping fleet comprises 58.5 double-hulled product tankers with an average age of about 7.1 years.
Currently, d’Amico Tankers has shipbuilding contracts with Hyundai Mipo Dockyard for the construction of 3 long-range product tankers, expected to be delivered between the third quarter of 2018 and the first quarter of 2019.
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Source: d’Amico
