CSSC (Hong Kong) Shipping Company Limited, a leasing company of China State Shipbuilding Corporation, and Minjun Shipping, wholly-owned by China Minsheng, have entered into a $133 million sale and leaseback deal for four 85,000-DWT bulk carriers.
The agreement includes an estimated lease interest of approximately $24.7 million.
The vessels are being built by CSSC Chenxi Shipyard and were ordered back in September 2020 by China Mingsheng Trust.
The deal includes a series of 4+4 Kamsarmax bulk carriers , designed by SDARI.
The delivery of newbuilding vessels is spread across 2021 and 2020.
The charter period covers 120 months commencing from the respective delivery dates of the vessels.