Dry CargoGreater China

CDB Financial Leasing orders five newcastlemax newbuilds

China Development Bank (CDB) Financial Leasing has announced that it has entered into shipbuilding contracts with two shipyards for the construction of five 208,000 dwt newcastlemax bulk carriers.

The total price of the vessels is $231.4m and CDB Financial Leasing intends to lease the vessels to an undisclosed independent third party.

The first vessel will be delivery in June 2020, followed by the delivery of one vessel in every subsequent two months.

In December, CDB Leasing entered into sale and leaseback agreement with Dynagas for two 162,000 cu m LNG carriers.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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