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CDB Leasing acquires five MR tankers from Trafigura

China Development Bank Financial Leasing (CDB Leasing) has agreed to purchase five MR product tankers from Geneva-based commodities giant Trafigura.

The transaction, worth approximately $140m, involves five of CDB Leasing’s Hong Kong-incorporated special purpose companies, which are principally engaged in the vessel leasing business.

Delivery dates for the five unnamed ships have not been revealed.

This year, the Hong Kong-listed CDB Leasing has been rapidly acquiring product tankers and bulkers. In June, it paid $383.8m for 10 MR units under construction at New Times, and most recently, $108m for 16 bulker newbuildings ordered at Penglai Zhongbai Jinglu Ship Industry and Huanghai Shipbuilding.

Adis Ajdin

Adis is an experienced news reporter with a background in finance, media and education. He has written across the spectrum of offshore energy and ocean industries for many years and is a member of International Federation of Journalists. Previously he had written for Navingo media group titles including Offshore Energy, Subsea World News and Marine Energy.
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