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SEACON has established a financing lease arrangement for a bulk carrier that is under construction.
SEACON (02409) announced that on February 26, 2025, the charterer and the seller (both are wholly-owned subsidiaries of the company), the owner, the company, and the guarantor entered into a financing lease arrangement, where the seller agreed to sell the Ship (the Ship being a 40,000 dwt under-construction bulk carrier) to the owner for a consideration of 34 million USD; under the bareboat charter, the owner agreed to lease the Ship to the charterer; the company entered into the first guarantee as a beneficiary for the owner; and the guarantor entered into the second guarantee as beneficiaries for the charterer and the seller. The group has historically engaged in financing.
Express News | Seacon Shipping Group - Unit to Sell 40,000Dwt Bulk Carrier Under Construction for USD34 Mln
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SEACON (02409) subsidiary intends to sell a Ship and exercise an option to purchase a Ship.
SEACON (02409) announced that on February 7, 2025, the seller (an indirect wholly-owned subsidiary of the company...
Express News | Seacon Shipping Group Holdings FY Revenue USD 600 Million