Managing Residual

The key to leasing both in terms of risk and profitability revolves around the management of residual. Cypress Leasing, an equipment lessor, today provided an example of just how it is done. Having three 22,351 DWT sister vessels, the Cape York, Cape Preston and Cape Conway redelivered by Schoeller Holdings upon the completion of a long-tern bareboat, the company entered into an agreement with G. Bros. Maritime to commercially and technically manage these vessels.

Although somewhat long in tooth, these general cargo vessels, built in 1983 and 1985, are a rare breed, which serve less developed areas in liner

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