Uni-Asia buys newbuilding for $9.1m

Uni-Asia Holdings is buying a newbuilding from Japan’s Minato Kaiun for $9.1m in a leaseback deal.

The Singapore-listed company has acquired a 100% shareholding Japanese company Arena Godo Kaisha (Arena GK) to buy a newbuilding due to be delivered to Minato Kaiun in the second quarter of 2015.

No details of the vessel were given which will be acquired at a cost of JPY920m ($9.1m).

Minato Kaiun will then bareboat charter the vessel for five years from Arena GK with an option to buy.
Source: Seatrade Global