Home About UsPublicationsForumsConsultingContact Us
Back to Earlier Search Results New Search Logout

Links

CMA Shipping 2011

Marine Money Forums

Marine Money Asia Week

Freshly Minted Newsletter

Marine Finance Dashboard

De-Leveraging – Saga Sells VLCC

Saga Tankers ASA announced Monday that it had entered into an agreement for the outright sale of its 1995-built VLCC, Saga Chelsea for $25 million net, plus the value of bunkers and lubes. While the inclusion of the latter is standard, today they have material value and are worth noting. Proceeds will be used to deleverage the company through the repayment of the related debt with any excess available to improve liquidity.

This is only an excerpt of De-Leveraging – Saga Sells VLCC

Content is restricted to subscribers. To continue reading please Log-In or view our subscription options.

Existing Users Login

Username
Password
 


Related Archive Files


Written by: | Categories: Freshly Minted, The Week in Review | September 1st, 2011 |

Tags: · ,

Leave a Reply

You must be logged in to post a comment.

Copyright 2008. Marine Money. All Rights Reserved.