Sale of MV Arabian Sea
NRP Project Finance would like to congratulate the project sponsors and investors in Gram Car AS with the sale of MV Arabian Sea to SFL Corporation Ltd.
The vessel was acquired in 2017 together with its sister vessel M/V Mediterranean Sea. Based on the achieved sales price and a conservative pricing for the remaining ship, the investment has generated an IRR of 37% p.a. and a MOIC of 4.9 to the investors.
NRP Project Finance acted as Sole Arranger of Gram Car AS.