Greater China

Yang Ming works leaseback deal

Taipei: Yang Ming Marine Transport has sold an 8,200 teu containership and taken it back on leaseback in order to replenish working capital. 

The ship has been sold vessel for $57.5m-$58.5m, booking a profit of $2.6m-$3.6m.

“The deal is to build our working capital and optimise our asset portfolio,” Yang Ming said.  [27/06/14]

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