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TORM BUYS THREE SCRUBBER-EQUIPPED ECO TANKERS

TORM BUYS THREE SCRUBBER-EQUIPPED ECO TANKERS

Wednesday, May 12, 2021 

Danish shipping company Torm has entered into an agreement to purchase three 2015-built scrubber-fitted and fuel-efficient LR2 vessels from Okeanis Eco Tankers for a total consideration of US$120.8m.

The vessels, Nissos Schinoussa, Nissos Heraclea and Nissos Therassia, are expected to be delivered during the remainder of the second quarter and the third quarter of 2021.

Torm has obtained commitment for the financing of two of the vessels from Danish Ship Finance, and the third is expected to be financed through a sale and leaseback agreement with a Chinese financial institution. In this connection, Torm expects to enter into two additional sale and leaseback agreements, the terms of which have been agreed.

As part of its fleet renewal, Torm has agreed the sale of the MR vessel Torm Carina.

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