China’s Minsheng Financial Leasing has had a busy week, linked to more than $100m in multiple deals.
Chatter about the growing financier started at the beginning of the week, when brokers put its name behind Mitsubishi’s sale of the its 81,000 dwt kamsarmax Sky Jade, the last price seen attached to this deal is $18.95m. Today the outfit has been linked to its biggest purchases to date, spending $112m for two VLCC from German outfit DS Tankers, adding the 297,000-dwt VLCCs DS Vision and DS Venture (both built 2011), making its entry into the VLCC sector.
The kamsarmax deal comes with a long time charter to China Shipping, while the VLCCs were reported on charter to the same outfit from Germany’s Dr Peters in January.
