Teekay Tankers has agreed more sale-and-lease back delas as it looks to ride out the downturn in the tanker industry.
The mid-sized tanker specialist said the deal involved six modern aframax tankers. The counter party was not disclosed.
Last month also saw the US-listed shipowner sign a term sheet for a loan to finance working capital for its RSA pool management operations
Teekay said the two transactions plus a similar sale-and-lease back deal for seven mid-sized tankers announced in May 2018 are set to increase liquidity by about $110m after the repayment of outstanding debt related to the 13 vessels.
