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.