Grindrod Shipping seals sale and leaseback deal for product tanker

Singapore-based Grindrod Shipping has entered into a sale and leaseback transaction with a Japanese leasing house for its 2016-built MR product tanker . Under the deal, the company sold the vessel for $26.8m and chartered it back for a period of up to 15 years. It also has the right to buy back to vessel …

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