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Oldendorff seals Chinese financial leasing deal for ultramax sextet

Photo of Jason Jiang Jason JiangNovember 17, 2020
1,243 Less than a minute

CDB Financial Leasing, the leasing unit of China Development Bank, has announced the acquisition of six 60,000 dwt ultramax bulk carriers from German owner Oldendorff Carrier for a total price of $137.1m.

The acquisition is part of a financial leasing arrangement which will see CDB Financial Leasing chartering the ships back to Oldendorff in operating lease mode.

Oldendorff Carriers currently owns a fleet of 176 bulk carriers and has another 524 chartered ships.

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Photo of Jason Jiang Jason JiangNovember 17, 2020
1,243 Less than a minute
Photo of Jason Jiang

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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