Tianjin Southwest Maritime inks financial leasing deal for asphalt carrier duo

Tianjin Southwest Maritime inks financial leasing deal for asphalt carrier duo

Chinese tanker owner Tianjin Southwest Maritime has clinched a 10-year financial leasing deal with Guangdong Financial Leasing for two 7,800 dwt asphalt carriers.

The first of the two vessels, Da Wei Shan, was delivered by Guangzhou Hangtong Shipbuilding in September, with the ship secured a 10-year time charter contract with a major asphalt trader in the US. The second ship will be delivered by the shipyard in December.

The financial terms of the contract were not disclosed.

Tianjin Southwest Maritime currently operates a fleet of 20 tankers including six asphalt carriers and 14 LPG vessels. It is also set to take delivery of an asphalt carrier and two VLGCs from Guangzhou Hangtong Shipbuilding and Jiangnan Shipyard respectively this year.

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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