Seacon Shipping Group (HKG:2409) unit Seacon Yokohama agreed to sell a 13,500dwt general cargo ship to Yuchen Logistics for US$19.9 million, a Thursday bourse filing said.
The vessel, named SEACON YOKOHAMA, is currently chartered to Seacon Yokohama under a bareboat charter from the owner of the vessel, an independent third party.
Seacon Yokohama will buy the vessel from the owner by exercising the purchase option under the bareboat charter by Dec. 31.
The shipping company will use proceeds from the disposal to finance the potential acquisition of vessels and as general working capital.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.