Employment and financing for Eco Palm Desert
Offshore Energy covers a three-year charter agreement for Eco Palm Desert, a 50,000-dwt product and chemical tanker then under construction at Hyundai. The contract with Central Ship Chartering included an option for two additional years and was to commence after the expected July 2018 delivery.
Potential gross revenue from the charter was estimated at up to $27.5m, including options. The report also records a $23.5m European bank facility for the vessel. These linked arrangements show how the company paired newbuilding commitments with employment and financing. The source’s fleet-wide backlog and cash-flow horizon describe September 2017 and should not be treated as current corporate metrics.
An editorial summary of the linked publication. Figures and plans refer to its publication date.