Sincere Navigation Unit to Acquire Aframax Tanker for $41 Million

MT Newswires Live

08/19

Sincere Navigation (TPE:2605) subsidiary, Potter Grand, has agreed to acquire a 109,258-deadweight ton Aframax crude tanker for $41 million, according to a Wednesday filing with the Taiwan Exchange.

The vessel is being purchase from KAMRIN No. 17D and will be leased back to it under a bareboat charter to maintain existing operations.

The charter runs until 2029, with an option to extend by one year to June 2030.

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