Seacon has recently entered into a leaseback agreement with Union Maritime, acquiring a fleet of chemical tankers. This strategic move allows Seacon to enhance its maritime capabilities and expand its presence in the chemical transportation industry. By leveraging Union Maritime's expertise and resources, Seacon aims to optimize its operations and provide efficient and reliable services to its customers. This leaseback deal signifies Seacon's commitment to growth and innovation in the maritime sector.
Tanker Purchases
Busy Chinese shipowner and operator, Seacon Shipping, has recently made significant acquisitions in the maritime industry. The company has successfully purchased two chemical and product tankers for a total of $28 million. The vessels, named Kenrick and Enford, were both built by Taizhou Sanfu in 2012 and are associated with UK bulker and tanker player, Union Maritime.
Seacon Shipping has agreed to pay $14 million for each tanker, with the delivery expected to take place in December of this year. As part of the deal, Union Maritime will charter back both ships for a period of two years at a daily rate of $16,250. There is also an option for a one-year extension at a slightly higher daily rate of $16,500.
Sale and Leaseback Agreement
In addition to these acquisitions, Seacon Shipping recently entered into a sale and leaseback agreement with Bank of Beijing Financial Leasing for their general cargo ship, Seacon Yokohama. This deal, worth $21.25 million, includes a 10-year bareboat charter arrangement.
Purchase Option Exercise
Furthermore, Seacon exercised a purchase option for the supramax bulker, Seacon Dalian, which was previously owned by Bank of Communications Financial Leasing (BoCom Leasing). The vessel has been sold to PT Cakra Buana Resources Energi in Indonesia for $12.8 million.
Fleet Expansion
Seacon Shipping has also expanded its fleet with the addition of the chemical tanker, Chem Lyra. Through a 60-month bareboat deal, Seacon secured the vessel with an obligation to purchase at the end of the term. The total value of this agreement, including the purchase option, amounts to approximately $14.6 million.
Summary
These recent acquisitions demonstrate Seacon shipping's commitment to expanding its presence in the maritime industry. With a focus on chemical and product tankers, as well as general cargo ships and bulk carriers, the company is well-positioned to meet the evolving needs of its customers.
