Dry CargoGreater China

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 is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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