CDB Financial Leasing orders five newcastlemax newbuilds

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 worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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