Gram Car Carriers has raised fresh capital after agreeing to a sale-and-leaseback deal for two of its largest pure car/truck carriers with a Chinese leasing company.
CSSC (Hong Kong) Shipping has agreed to acquire the two 6,700-ceu vessels for a total of $70m. The two ships are said to have an aggregate value of $102m.
The Hong Kong-listed leasing arm of state-owned China State Shipbuilding Corp said in a regulatory filing that Gram Car Carriers Leasing 1 AS has agreed to charter the ships for 96 months each.
