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CDB Leasing acquires 11 bulk carriers

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China Development Bank (CDB) Financial Leasing has purchased eleven bulk carriers via its wholly-owned subsidiary at a total cost of $140.45m.

The vessels sellers are 11 companies incorporated in the Marshall Islands, which are principally engaged in the business of international bulk cargo transportation.

CDB Leasing expects to increase the market share of the company in vessel market which is also in line with the company’s business development strategy, said it.

On 21 May, CDB Leasing acquired eight oil tankers at a total cost of $279.2m, which are scheduled for delivery during February 2024 and May 2025.

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