').insertAfter(".article-content__img");$(".article-content__img div").find('div').remove();
Swan Energy, Botas Of Turkey Ink Lease Agreement For Offshore Vessel
Swan Energy, through its subsidiary Triumph Offshore Private (TOPL), has signed an agreement to lease out its floating storage regasification vessel to Botas of Turkey, a state-owned natural gas and LNG firm.
A company statement said the lease arrangement would generate daily rental of about Rs 2 crore (as per the present exchange rate) for SEL - leading to annualised cash accruals of approximately Rs 800 crore.
The duration of the agreement is for 12 months and is extendable. The Swan group was recently in news for acquiring bankrupt Reliance Naval Defence.
Subscribe to Business Standard Premium
Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!
First Published: Fri, March 10 2023. 00:45 IST
RECENT NEWS
BoE Loosens Capital Rules
The Bank of England has taken a significant step towards easing post-crisis regulation by lowering its estimate of the c... Read more
Monzo Looks For US Banking License
Monzo is preparing a renewed push to secure a US banking licence, four years after abandoning its first attempt when tal... Read more
Crypto Firms Push Into US Banking
America’s cryptocurrency companies are scrambling to secure a foothold in the country’s traditional banking system, ... Read more
Parallel Banking: Stablecoins Are Now Global
Parallel Banking: How Stablecoins Are Building a New Global Payments SystemStablecoins—digital currencies pegged to tr... Read more
JPMorgan Deploys AI Chatbot To Revolutionize Research And Productivity
JPMorgan has deployed an AI-based research analyst chatbot to enhance productivity among its workforce, with approximate... Read more
Private Equity And Banks: The Complex Web Of Leverage
Private equity has emerged as a significant force in the global financial landscape, driving substantial growth and inve... Read more