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CDB Leasing buying 10 chemical tankers

Photo: Scott Graham - Unsplash Scott Graham - Unsplash.jpg
China Development Bank (CDB) Leasing is to purchase ten 50,000 dwt product oil/chemical tankers from Jiangsu New Times Shipbuilding with a total cost of $383.8m.

The vessels will be constructed by New Times Shipbuilding and then be leased to a third party.

CDB Leasing aims to further increase the market share of the company in shipping market.

In the recent years, CDB Leasing had been actively participated in vessel acquisition to expand its footprint the vessel market and had already acquired various types of ship.

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