Minsheng Financial Leasing taking Nissen Kaiun kamsarmax

Minsheng Financial Leasing taking Nissen Kaiun kamsarmax

Chinese financial leasing outfit Minsheng Financial Leasing is acquiring the 2010-built kamsarmax bulker Global Star from Japanese owner Nissen Kaiun, according to shipbroking sources.

The sale price is thought to be around $19m, slightly higher then the $18.5m fair market value placed on the ship by MSI.

Minsheng has been in buying mode recently with the acquisition of five boxships from PIL and kamsarmax bulker Sky Jade from Mitsubishi Corporation.

Minsheng Financial Leasing currently controls a fleet of around 70 ships.

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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