Greater ChinaTankers

CDB Leasing in for 10 MR resales

Photo of Sam Chambers Sam ChambersJune 17, 2021
467 Less than a minute

Chinese financial house CDB Leasing has agreed to buy ten 50,000 dwt MR product tankers under construction at New Times Shipbuilding for $383.8m.

CDB Leasing said the ships will be chartered to an unnamed company via an operating lease agreement at floating rates. No further details have been disclosed.

A glance at New Times’ orderbook suggests the deal has been done with compatriot Shandong Shipping. Splash reported in April on Shandong Shipping’s decision to order ten 50,000 dwt MRs at the yard in question.

Photo of Sam Chambers Sam ChambersJune 17, 2021
467 Less than a minute
Photo of Sam Chambers

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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