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China’s Seacon Shipping is selling a bareboat chartered modern chemical and oil products carrier to Hong Kong shipowner and leasing specialist SeaKapital.
The Hong Kong-listed, Qingdao-based owner and operator has struck a deal to offload the 2021-built 34,800 dwt MR1 Golden Daisy for roughly $32.9m.
Seacon will first buy the vessel out of its bareboat agreement with AVIC leasing for $21m before delivering it to SeaKapital by end-May.
The company said it expects a profit of about $6.3m from the deal, with proceeds to be used to finance potential vessel purchases and as general working capital.
SeaKapital was set up by two of Hong Kong’s well-known shipping names, Sabrina Chao and Kenneth Lam in April 2023.
Last August, the company formed a 50:50 joint venture, Continental Kapital Shipping, with Seacon, focused on acquiring, owning, leasing, and managing various types of vessels, including multipurpose heavylift ships, chemical tankers, and dual-fuel car carriers.
Earlier this year, Seacon novated two shipbuilding contracts to the venture for 18,500 dwt chemical tankers at Fujian for $19.76m and flipped Golden Daisy‘s sister vessel Golden Dahlia to UK bulker and tanker player Union Maritime in a similar deal.
The post Seacon flips leased product tanker to SeaKapital appeared first on Energy News Beat.
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