Sale of MV Arabian Sea
Very happy to announce that M/V Arabian Sea, previously owned 20% by Premium Maritime Fund AS, is sold to SFL Corporation Ltd. with delivery in the end of November 2022.
The vessel was acquired in 2017 together with its sister vessel M/V Mediterranean Sea. Basis the achieved sales price and a conservative pricing for the remaining ship, the investment has provided a MOIC of 4.9 and an IRR of 37% p.a. over 5 years.
We would like to thank our partners Gram Car Carriers and NRP Project Finance for a successful cooperation.