Dry CargoGreater China

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 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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