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China Development Bank Leasing acquires LNG vessel

CDB Leasing (International) Company, wholly-owned subsidiary of China Development Bank Leasing, has entered into a vessel purchase agreement with CMB International Leasing Management Limited to acquire an LNG vessel for $154.5m.

China Development Bank Leasing said the deal is expected to increase the market share of the company in vessel owning and is consistent with the company’s business development strategy.

The principal business of China Development Bank Leasing includes providing comprehensive leasing services to the industries including aviation, infrastructure, shipping, vehicle and construction machinery. Its subsidiary CDB Leasing (International) Company deals mainly with shipping investment and financing business.

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