Minsheng Financial Leasing is recycling a former OSG tanker that has spent the past seven years swinging at anchor off the Malaysian coast as a storage vessel.
The 300,300-dwt floating storage and off-take vessel (FSO) SA Equatorial (built 1997) has been sold to cash buyer-linked shipowning vehicle Ship Recycling Investments on an as-is basis at Tanjung Pelepas anchorage.
The price has yet to emerge in the market.
