Endo Group has completed the acquisition of Endo Gregale, a vessel previously named MT Ana Nzinga, financing arm Endo Finance plc announced on Friday.
The company stated that the acquisition of the marine vessel was financed “in large part” through third-party finance and the remaining portion of proceeds from the sale of Endo Breeze, a medium-range vessel which was sold for $14.1 million (€13.4 million) last December.
The acquisition came after the completion of the “appropriate structural and condition inspections” into the vessel. Endo Gregale Maritime Ltd, a subsidiary of the group, took delivery of the marine vessel with hull (IMO) number 9498119 on Thursday. The vessel has been registered under the Malta flag.
The vessel is to be chartered to third parties in line with Endo Group’s current operating model.
According to MarineTraffic.com, Endo Gregale was built in 2009 and has an overall length of 144.1 metres and a width of 22.6 metres.
Last June, Endo Group acquired another vessel, named Endo Ponente, formerly MT Mandume. The tanker was also registered under the Maltese flag, joining the fleet of another one of the group’s subsidiaries, Endo Tailwind Maritime Limited.
Headquartered in Malta, Endo Group consists of Endo Ventures Ltd as the parent company, along with Endo Finance plc, International Fender Providers Ltd, Endo Properties Ltd, and Endo Tankers Ltd as its subsidiaries. Through its portfolio of companies, the group acquires, finances, manages, and charters commercial vessels, as well as provides ship-to-ship and mooring master services.
