Berlian Tanker plans sale, leaseback of vessel for $45 mln

Shipping firm PT Berlian Laju Tanker said it plans to sell one of its vessels to First Ship Lease Ltd (FSL) for 45 mln usd.

The ship, the Prita Dewi, will then be leased back.

The transaction is designed to provide the firm with additional cashflow to be used for its regular operations as well as for financing activities, Berlian said as reported in a statement by XFN-Asia.