Scorpio Tankers continues to refinance its fleet with sale and leasebacks to increase liquidity, while Ridgebury Tankers places new acquisition in the Suez8 pool
Ridgebury Tankers has announced the delivery of 2008-built, 150,400-dwt Suezmax tanker Ridgebury Judith (ex-Aias).
The vessel was acquired from Diamond S Shipping in December 2020 as part of an en bloc deal that included 2008-built, 150,000-dwt Suezmax tanker Amoureux (now Ridgebury Mary Jane), for a reported US$22.5M each.
Both Ridgebury Judith and Ridgebury Mary Jane plus Ridgebury Tanker-controlled 2009-built, 164,800-dwt Suezmax tanker Ridgebury John Zipser have been entered into the Navig8 Suez8 pool.
In other US tanker news, publicly listed tanker company Scorpio Tankers continues to keep its many banks busy with refinancing and sale and lease back projects for its 135-strong tanker fleet.
In the latest move, the company has announced that it has received a commitment to sell and leaseback three MR product tankers (STI Memphis, STI Soho and STI Osceola) and one LR2 product tanker (STI Lombard) to AVIC International Leasing of China.
Following completion of the deal, Scorpio Tankers’ liquidity is expected to increase by about US$32M in aggregate after the repayment of outstanding debt.
In addition, Scorpio Tankers received a commitment from a European financial institution for a US$21M term loan facility to refinance the outstanding debt on LR2 product tanker STI Madison.
This deal is expected to increase by about US$5M after the repayment of outstanding debt.
Planning is underway for the Tanker Shipping & Trade | Americas virtual conference. Sponsorship and speaking opportunities are available. Contact Tanker Shipping & Trade brand manager Paul Dowling at email@example.com
Sign up here for our free technical and operational webinars that are being held throughout 2021