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.

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