Concordia Maritime has struck a third sale-and-leaseback deal in five months as it looks to build cash reserves for expansion opportunities.
Kim Ullman-led Concordia has today sold the 50,000-dwt Stena Important (built 2015) for $36m and will take it back on a nine-year bareboat deal with a purchase obligation at the end.
It marks Concordia’s third leaseback deal since last October and Ullman believes this could be the last transaction in the series.
Concordia
