Fortune Ocean inks financial leasing deal for two panamaxes

Fortune Ocean inks financial leasing deal for two panamaxes

CDB Leasing, the financial leasing unit of China Development Bank, has taken over the ownership of panamax bulk carriers Xing Xiang Hai and Xing De Hai from Dalian-based Fortune Ocean according to shipbroking sources.

The terms of the deal were not disclosed. Splash understands that the purchase is part of a financial leasing arrangement for the two 2017 Oshima-built vessels.

Fortune Ocean owns a fleet of 26 bulk carriers with another six panamax bulkers under construction at Tianjin Xingang Shipbuilding.

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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