Friday, March 17, 2023

TORM purchases three fuel-efficient MR product tankers in a partly share-based transaction | Sea Job

TORM has today entered into an agreement to purchase three 2013-built MR eco product tanker vessels for a total cash consideration of USD 48.5m and the issuance of 1.42 million shares. The transaction will increase TORM’s total fleet to 88 vessels on a fully delivered basis.

The vessels that are all built at a tier 1 Korean yard and have fuel-efficient eco vessel specifications are expected to be delivered no later than 31 May 2023. The cash element of the transaction is expected to be financed through traditional bank financing, and in connection with each of the three deliveries TORM will issue one third of the total share issuance, corresponding to 50% of the total consideration.

Source: Hellenic Shipping News 

Get More Info : Our sea world

Websites : https://www.seajob.net/

Contact Us : Marine Recruitment India

No comments:

Post a Comment

US hits Iran with new sanctions targeting commanders, shipping

The United States targeted Iranian and Houthi commanders and a vessel that shipped more than $100 million in Iranian commodities to business...