The company said it has secured financing of $76 million with an international financial institution,
to be structured as a 10-year sale and Leaseback agreement with purchase options during the lease period
and at maturity providing TORM with maximum capital commitment flexibility.
D'Amico International Shipping has announced that its operating subsidiary d'Amico Tankers D.A.C.(Ireland) has signed a memorandum of agreement and
bareboat charter contract for the sale and Leaseback of the MT High Loyalty,
a 49,990dwt medium-range product tanker vessel, built in 2015 by Hyundai-Mipo, South Korea for a consideration of $ 28.5 million.
D'Amico International Shipping, an international marine transportation company operating in the product tanker market, announced that its operating subsidiary d'Amico Tankers(Ireland)
signed a memorandum of agreement and bareboat charter contract for the sale and Leaseback of the MT High Loyalty,
a 49,990 dwt medium-range product tanker vessel, built in 2015 by Hyundai-Mipo, South Korea for a consideration of US$ 28.5 million.