Concordia Maritime signs a third sale & leaseback agreement – this time for the IMOIIMAX tanker Stena Important
Concordia Maritime is selling the IMOIIMAX vessel Stena Important to a large Japanese financial institution. This is a sale & leaseback transaction – Concordia Maritime’s third in a short period of time. The sale price is USD 36 million.Delivery to the purchaser will take place at the end of March. Under the agreement, the vessel will be chartered back on a bareboat basis (i.e., without crew) for nine years, with a purchase obligation in year nine. The sale price of USD 36 million and the transaction’s other conditions bring both strategic and financial values. “Once again, we have