Norway’s Gram Automobile Carriers has entered right into a sale and leaseback settlement with CSSC Delivery, the monetary leasing unit of China State Shipbuilding Company, for 2 6,700 ceu vessels.

Below the deal, CSSC Delivery will purchase the 2015-built Viking Journey and Viking Bravery for $70m and constitution them again for a interval of 96 months. The full charterhire of the deal is round $86.3m, together with an estimated lease curiosity of roughly $15.3m.

The Norwegian automobile provider operator will repurchase the vessels upon the expiration of the constitution. The corporate has a fleet of 18 vessels, together with the 2 vessels it not too long ago agreed to purchase from German proprietor F. Laeisz in alternate for brand spanking new shares in a non-public placement price round $61.6m.