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: Liners Maintain Cargo Attraction Efforts; Freig

NINGBO SHIPPING EXCHANGE2026-02-09

Dual-fuel container ship and vehicle carrier fleet reaches 400 ships on the water

xinde marine news2026-02-03

NingbcContainerized Freight Index Weekly Commentary: Some Liner Services Offer Discounts to Attract C

NINGBO SHIPPING EXCHANGE2026-02-02

Dry Bulk Shipping Market Overview & Outlook

BIMCO2026-01-30

Baltic Exchange congratulates SGX and EEX on a successful transfer of Panamax FFAs

xinde marine news2026-01-29

Ningbo Containerized Freight Index Weekly Commentary: Overall Cargo Volume Falls Short of Expectation

NINGBO SHIPPING EXCHANGE2026-01-26