November 20

CDB Leasing offloads kamsarmax trio at auction

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CDB Leasing has been tied to a triple kamsarmax bulker sale through an auction. 

Multiple brokers report the Hong Kong-listed leasing unit of China Development Bank has offloaded the 2015-built CL Rizhao and the 2016-built CL Singapore and CL Tianjing for around $68.5m.

VesselsValues estimates the ships between 81,300 dwt and 81,600 dwt to be worth around $72m in total.

The buyer has not been revealed, although one broker has linked Taiwanese interest to the en-bloc deal.

The three ships were originally ordered by Singapore’s Cara Shipping at Jinling Shipyard Jiangsu in 2013 and picked up by the Chinese ship leasing giant in 2019.

CDB Leasing is one of China’s largest shipowners, controlling over 230 vessels worth around $10.8bn, excluding newbuilds, with more than half of the fleet in the dry bulk segment. Earlier this year, China Development Bank confirmed it was evaluating options for its ship leasing business, including a possible sale of its 64.4% stake.

The post CDB Leasing offloads kamsarmax trio at auction appeared first on Energy News Beat.

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