Minsheng Financial Leasing makes VLCC debut

Minsheng Financial Leasing makes VLCC debut

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.

Hans Thaulow

Hans Henrik Thaulow is an Oslo-based journalist who has been covering the shipping industry for the last 15 years. As well as some work for the Informa Group, Hans was the China correspondent for TradeWinds. He also contributes to Maritime CEO magazine. Hans’ shipping background extends to working as a shipbroker trainee with Simpson, Spence & Young in Hong Kong.

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