Alternative investment firm Vӓrde Partners and a subsidiary of Chinese industrial company Landbridge Group have concluded a sale and lease back deal on a VLCC.
Scorpio Bulkers has announced a sell and leaseback deal involving six ultramax vessels with China’s Avic International Leasing.
Navig8 Chemical Tankers Inc. has entered into a sale and leaseback agreement with China’s ICBC Financial Leasing for four 37,000-dwt product tankers.
Singapore’s Keppel FELS has delivered its newly-built jack-up rig to Mexico’s Grupo R on a sale and leaseback deal.
Cosco Shipping Development has announced that the company has entered into the sale and leaseback arrangement for four container ships via its subsidiary to provide funds and expand financing channels.
Chinese leasing transactions can no longer be viewed as an alternative source of financing, but rather as a fast developing prime source of finance and on the way to becoming an equal to the European and US financial markets.
Scorpio Tankers Inc. has entered into a sale-and-leaseback deal with China’s Bank of Communications Financial Leasing (Bocomm Leasing) for five secondhand MR product tankers.
CSIC Leasing, the financial leasing arm of China Shipbuilding Industry Corp (CSIC), has made its first-ever sale and leaseback transaction worth $65.5m with Greek tanker owner and operator Eletson Corporation.
d’Amico International Shipping (DIS) is selling a MR product tanker for $28m and leasing in back.