Navig8 Chemical Tankers has penned a $91m sale-and-leaseback deal involving a trio of modern vessels.
Oslo-OTC listed Navig8 Chemical says the 37,000-dwt ships have been sold to CMB Financial Leasing and will be chartered back for seven years.
The seller, established as a joint-venture with Oaktree Capital, has purchase options on the vessels.
Cash from the deal will help repay bank debt on the trio, which will trade in Navig8 pools.
