SEACON (02409) entered into a financing lease arrangement involving a 40,000 dwt bulk carrier under construction.
Intercontinental Shipping (02409) announced that on January 5, 2025, the charterer and seller (both indirect full...)
SEACON (02409) announced that on January 5, 2025, the charterer and seller (both indirect wholly-owned subsidiaries of the company), the owner, the company, and guarantors entered into a financing lease arrangement. Under this arrangement, (i) the seller agreed to sell the vessel to the owner for $31.38 million according to the memorandum of agreement; (ii) the owner agreed to lease the vessel to the charterer under a bareboat charter; (iii) the company entered into the first guarantee as a beneficial owner with the owner; and (iv) the guarantor entered into the second guarantee with the charterer and seller as beneficiaries.
It is reported that the vessel is a 40,000 dwt bulk carrier under construction. The lease term is 10 years from the date of delivery of the vessel from the owner to the charterer, with a lease fee of $118,500 per month and interest calculated at 2.2% above the Chicago Mercantile Exchange's published overnight financing rate for a period of one month from $25.6 million reducing by $118,500 per month on the current balance.
Related Articles

CROCODILE (00122) plans to discount approximately 22.68% on the basis of "2 for 1" and issue new shares, with a maximum net amount raised of about HK$51.6 million.

On October 22nd, EDIANYUN (02416) spent 192,000 Hong Kong dollars to repurchase 91,500 shares.

Evening hotspots in A-shares | Draft regulations on public fund performance benchmark comparison rules will be released.
CROCODILE (00122) plans to discount approximately 22.68% on the basis of "2 for 1" and issue new shares, with a maximum net amount raised of about HK$51.6 million.

On October 22nd, EDIANYUN (02416) spent 192,000 Hong Kong dollars to repurchase 91,500 shares.

Evening hotspots in A-shares | Draft regulations on public fund performance benchmark comparison rules will be released.

RECOMMEND

Why European Automakers Are Opposing Dutch Sanctions
20/10/2025

Domestic Commercial Rockets Enter Batch Launch Era: Behind the Scenes a Sixfold Cost Gap and Reusability as the Key Breakthrough
20/10/2025

Multiple Positive Catalysts Lift Tech Stocks; UBS Elevates China Tech to Most Attractive, Citing AI as Core Rationale
20/10/2025