CDB Leasing Expands Fleet With US$221m Worth Bulker Acquisition


  • Hong Kong-listed company looks to grab the few remaining slots for dry bulk tonnage
  • Ships valued at US$221.6 million will be delivered in 2023 and 2024

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), reports the Asset.

Fleet expansion

The ships, with a total order value of US$221.6 million, are scheduled to be delivered in 2023 and 2024.

The buyer said via the Hong Kong Stock Exchange that the deal involves eight wholly-owned special purpose companies of CDB Leasing incorporated in Hong Kong, which are principally engaged in the vessel leasing business.

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Source: The Asset


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