AsiaTankers

Vietnamese owner seals product tanker deal with CSSC Leasing

Photo of Sam Chambers Sam ChambersMay 21, 2024
104 Less than a minute

Asia Pacific Shipping Company, a relatively new Vietnamese shipowner, has signed a sale and leaseback agreement with CSSC Leasing, selling two product tankers due for delivery in 2026 to the Chinese company for $105.3m.

Under the deal, the Vietnamese company, led by Nguyen Quynh Anh, will take the two newbuilds on bareboat charter for 10 years for a sum of $128.7m.

Founded three years ago in Hanoi, Asia Pacific Shipping is involved in shipowning, chartering and shipmanagement, with a mixed fleet of 22 vessels on its books. 

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Photo of Sam Chambers Sam ChambersMay 21, 2024
104 Less than a minute
Photo of Sam Chambers

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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