Tongli Shipping has signed a kamsarmax sale and leaseback deal with CSSC Shipping, says an article published in Splash 247.
Sale and leaseback deal
CSSC Shipping, the financial leasing unit of China State Shipbuilding Corporation, has entered into a sale and leaseback deal with Singapore-based Tongli Shipping for two kamsarmax bulkers.
About the deal
Under the deal, CSSC Shipping will acquire two newbuild 82,000 dwt bulk carriers from Tongli Shipping and charter them back to the company for a period of 120 months.
Charter hire amount
The total estimated charter hire to be paid to CSSC Shipping is around $65.7m including lease interest of $13.85m.
Vessel construction & delivery
The vessels are currently under construction at Chengxi Shipyard and are expected to be delivered by October 2022 and January 2023.
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Source: Splash 247
