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19 January 2019 The on-line newspaper devoted to the world of transports 01:35 GMT+1

December 27, 2017

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of Tankers Friend, salt contract and lease back for product tanker a Medium Range

The ship, constructed in 2014, is yielded for 28,0 million dollars

of Friend Tankers D.A.C. (Ireland), the operating controlled one of Friend International Shipping (DIS), has signed an agreement for the sale and lease back for a fee of 28,0 million dollars of the High Freedom, a ship "medium range" of 49,990 gross capacities in tons that are constructed in 2014 from the South Korean yard Hyundai Mipo Dockyard.

"I am satisfied - the managing director of Friend International Shipping has declared, Marco Fiori - of being able to announce the conclusion of this ulterior salt contract "and lease back", that it represents our third party agreement of this type with of the well-respected Japanese counterparts. This operation will allow with DIS to realize a positive effect of case of 13,4 million dollars to January 2018, strengthening the position of liquidity of the society, in sight of the completion of our investment program. DIS will maintain, moreover, the control of this ship through a contract of bare boat chartering of the duration 10-year-old and with exercisable options of purchase beginning from according to contract year, to interesting levels".

Today, fleet DIS comprises 56,5 tankers to double hull (MR, Handysize and LR1 product tankers), of medium age pairs to 7,5 years (of which 27 ships of property, 26,5 rental and three rental to bare boat). Moreover of Tankers Friend Long Range has contracted in being with Hyundai Mipo Dockyard for the construction of five new tankers LR1 (), with delivery previewed in 2018.

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