Maersk Product Tankers has hashed out a sale-and-leaseback deal for a quartet of MR tankers with Industrial and Commercial Bank of China.
The company did not disclose which ships were included in the agreement — simply that they were built in 2015 and 2016.
"The agreement will increase financial flexibility and strengthen the financial position of Maersk Product Tankers," said chief financial officer Morten Mosegaard.
"The sale and leaseback agreement releases significant capital, which gives us additional optionality to act if the right opportunity materialises. This will create further value for our customers, partners and owners."
The four ships will have 10-year bareboat charters and Maersk Tankers will hold continual purchase options.
Maersk Tankers will continue commercial and technical management on the ships.
The first of the four has already been delivered to the Chinese state-owned bank, with the remaining three by the end of the second quarter.
