CDB Leasing buys MSC boxship pair from SinoOceanic Shipping

CDB Leasing buys MSC boxship pair from SinoOceanic Shipping

China’s CDB Leasing has acquired 9,400 teu boxship pair MSC Elma (built 2016) and MSC Romane (2017) from HNA Group’s SinoOceanic Shipping.

CDB has paid $172.78m for the vessels, which will be leased to Conglomerate Maritime Limited, a Guernsey company that is affiliated with MSC. The lease period is 12 years.

MSC’s fleet growth in recent years has been aided greatly by tapping Chinese leasors. MSC has closed the gap with its 2M partner, Maersk, all year but still remains 456,130 slots behind its Danish rival according to Alphaliner data, including orderbooks.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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