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.
Get full access for you and your coworkers.Start a free company trial today
Already a member? Log in.