China’s Seacon Shipping has secured financing for a pair of handysize bulk carriers under construction in Japan.
The Qingdao-based diversified owner and operator has agreed a $63.4m sale and leaseback deal with Suyin Financial Leasing, which is controlled by Shanghai-listed Bank of Jiangsu.
The deal covers 42,200 dwt vessels Seacon ordered at Tsuneishi Shipbuilding in April 2023 for around $31.7m.
Seacon will charter-in the newbuilds for 120 months once delivered in June and September 2025 and have purchase options available during the charter period.
The Hong Kong-listed company has financed most of its newbuilding projects via similar deals. End-June Seacon sealed a deal with entities controlled by Shanghai-listed AVIC Industry-Finance Holdings to sell and charter back an 18,500 dwt chemical tanker quartet under construction at Fujian Southeast for about $27.5m each.
