Fleetscape provides funding for 6 Handysize Drybulk vessels

In September 2021, Fleetscape completed its first Sale and Leaseback (“SLB”) transaction with Asia Maritime Pacific Limited (“AMP”) by acquiring six 35,800 DWT Handy size vessels. The proceeds from the transactions were used to part-finance the acquisition cost of the vessels. The vessels were acquired in back-to-back SLBs with Fleetscape, which included a purchase obligation by AMP at the end of the five-year charter period.

Guillaume Bayol, Managing Director and Co-portfolio manager at Oaktree, said: “Fleetscape are excited to finance the acquisition of a fleet of handysize vessels with AMP. The company has a large fleet, proven track record and a strong regional presence which fits well within Fleetscape’s strategy. We look forward to further expanding the relationship with AMP going forward”

AMP is an Asia-based dry bulk shipowner and operator, specialising in offering personalised solutions and reliable, innovative solutions to its customers via its modern fleet of Handysize and minibulker vessels, specially designed and fitted to service AMP’s trades. AMP has over 100 employees, spread over their headquarters in Hong Kong and offices in Shanghai, Tokyo, Melbourne, Austin, London and Douala. Team members include experienced shipping professionals, and the company has extensive in-house technical, commercial and corporate capabilities. For more information on AMP, see www.ampship.com.

Fleetscape provides funding for one VLGC

In May 2021, Fleetscape completed its first Sale and Leaseback (“SLB”) transaction with Foresight by acquiring a 80,100 cbm VLGC , “Lotus Gas” renamed the “Surya Veerya”. The proceeds from the transaction were used to part-finance the acquisition cost of the vessel. The vessel was acquired in a back-to-back SLB’s with Fleetscape and include a purchase obligation by Foresight at the end of the five-year charter period.

Guillaume Bayol, Managing Director at Oaktree and Co-Portfolio Manager of the Fleetscape platform, said: “Fleetscape is excited to finance the acquisition of a VLGC with Foresight. The company has a proven track record and strong combination acumen and fits well within Fleetscape’s strategy. We look forward to further expanding the relationship with Foresight going forward.

Foresight is an international conglomerate, with interests in shipping, oil drilling, exploration & production, hospitality and leisure. The Company was founded in London in 1984 by the Executive Chairman Dr. Ravi Kumar Mehrotra, CBE. Dr. Mehrotra, is a marine engineer by profession and received his Honorary CBE (Commander of British Empire) from Her Majesty Queen Elizabeth II in 2006. In 2014 he was awarded Lloyd’s List Lifetime Achievement Award for his contribution to the Maritime Industry.

Fleetscape provides funding for two chemical tankers

In October 2020, Fleetscape completed its first Sale and Leaseback (“SLB”) transaction with RFOcean Limited (“RFO”) by acquiring a 19,000dwt IMOII Chemical Tanker “RF Stella”. Fleetscape completed its second SLB in February 2021 by adding sister vessel “RF Marina” to the existing financing structure. The proceeds from the transactions were used to part-finance the acquisition cost of the vessels. The vessels were acquired in a back-to-back SLB’s with Fleetscape. The total acquisition price of the vessels was US$14.4 million, and the transactions include a purchase obligation by RFO at the end of the five-year charter period.

Guillaume Bayol, Managing Director at Oaktree and Co-Portfolio Manager of the Fleetscape platform, said: “Fleetscape is excited to finance the acquisition of two chemical carriers with RFOcean. The company has proven a strong combination of technical and commercial know-how, and fits well within Fleetscape’s strategy. We look forward to further expanding the relationship with RFOcean going forward”

RFOcean is a co-investor and commercial manager led and owned by Frederik Rye-Florentz. The Company was founded in 2018 and is headquartered in London, UK, and has to date invested in six chemical tankers and one feeder container vessel