Värde Partners inks cargo vessel sale & lease back deal with HK's Landbridge

The Värde Partners office in AT&T Tower, Minneapolis. Photo: bdh+young

Global alternative investment firm Värde Partners and Landbridge VLCC International, a Hong Kong-based subsidiary of Chinese industrial company Landbridge Group, has announced a sale and lease back transaction of a very large crude carrier (VLCC).

The sale of the vessel, which is a modern, fuel-efficient tanker built in 2016, was arranged by Pareto Securities.

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