Singapore-based Spring Liner has emerged as the potential counterparty in Ardmore Shipping’s recent sale and leaseback deal.

The Cork-based owner confirmed earlier this month that it had completed a deal for the 47,472-dwt sisterships Ardmore Sealeader and Ardmore Sealifter (both built 2008).

The identity of the Japanese leasing company as the buyer of the two ships was disclosed in the latest market report from Affinity Shipping.