ShippingWatch

Scorpio Tanker signs Chinese deal for six ships

Scorpio Tankers has again sold several ships in order to lease them back immediately. The latest sale-and-leaseback deal was made with a Chinese leasing company.

Photo: Scorpio Tankers/PR

Scorpio Tankers has closed a deal with a Chinese leasing company which sees the shipping company sell six of its ships only to immediately lease them back in a so-called sale-and-leaseback deal.

The Monaco-based, NYSE-listed carrier writes in a statement that it is selling six product tanker ships to Chinese Haurong Shipping Financial Leasing and is leasing them back for an eight-year period.

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