Norwegian lessor Sole Shipping has struck a double VLCC sale and leaseback deal with China's Landbridge involving $91m of financing.
Credit Agricole (CA) and BNP Paribas are providing the term loan facility to a subsidiary of the investment firm, according to CA advisor Watson Farley & Williams (WFW).
The deal includes the two tankers and scrubbers.
They will be bareboat chartered back to Landbridge, with the leases arranged by Pareto Securities.
