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TORM buys scrubber-fitted LR2 trio for $120.8 m


TORM buys scrubber-fitted LR2 trio for $120.8 m
May 12, 2021,
by
Jasmina Ovcina
Danish carrier of refined oil products TORM has signed an agreement to purchase three 2015-built scrubber-fitted and fuel-efficient LR2 vessels, splashing $120.8 million on the deal.
The ships, named Nissos Schinoussa, Nissos Heraclea, and Nissos Therassia, are being bought from Okeanis Eco Tankers Corp.
The vessels are expected to be delivered during the remainder of the second quarter and the third quarter of 2021.
TORM expects to finance two of the vessels with a $ 60 million commitment secured from Danish Ship Finance, while the third vessel is should be financed through a sale and leaseback agreement with a Chinese financial institution for proceeds of $32.2 million. ....

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