Golar LNG, CSDC Sign Sale, Leaseback Deal

Owner and operator of LNG carriers Golar LNG has entered into a sale and leaseback agreement for the 2014-built Golar Crystal with Hong Kong-based Cosco Shipping Development Co (CSDC).

Under the deal, the CSDC is paying USD 187 million for the 160,000 m3 liquefied natural gas carrier, which will be chartered back to Golar LNG for a period of 10 years.

Additionally, Golar Hull said it would pay USD 75 million upfront for the bareboat charter, payable on or before the delivery date of the 80,762 dwt Golar Crystal.

Another USD 62 million will be paid in charter fees every quarter, with a variable financing component.

CSDC said that the sale and leaseback deal “would facilitate the expansion of the group’s ship leasing business, and enhance the profitability of the group.”

Share this article

Follow World Maritime News

In Depth>

Events>

<< Aug 2019 >>
MTWTFSS
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31 1

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

Shipping Transformation Asia

Shipping Transformation Asia will provide a platform for future-focused discussion in the shipping,…

read more >

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >