Greek shipowner TOP Ships has concluded the USD 92.5 million financial deal for two Suezmax newbuilds under construction at Hyundai Samho Heavy Industries in South Korea.
The deal with an undisclosed Chinese leasing company was announced in September this year.
The sale and leaseback agreements envisage for the two newbuilds to be sold following their delivery from the shipyard in April and May of 2019, respectively. The proposed financing deals include pre and post-delivery financing and have a term of seven years. The can buy back the vessels after the three year anniversary of each vessel’s delivery up until the expiry of the agreements.
