CDB Leasing expands fleet with order for eight bulk carriers at Cosco yard
China Development Bank Financial Leasing (CDB Leasing) is pursuing its shipping fleet expansion with orders for eight 80,000dwt bulk carriers placed with Cosco Shipping Heavy Industry (Yangzhou). The ships, with a total order value of US$221.6 million, are scheduled to be delivered in 2023 and 2024.
Last December CDB Leasing entered the global tanker market, agreeing to acquire 14 product tankers for a total of US$422 million from Maersk Product Tankers. The ships were built between 2016 and 2020.
Maersk Product Tankers, a joint venture between Denmark-based AP Moller Holding and Mitsui, will continue to operate the vessels.