CDBL Inks Sale and Leaseback Deal for LNG Carrier Pair

Hong Kong-listed China Development Bank Financial Leasing (CDBL) has invested USD 363.8 million in two 162,000 cbm ice Class 1A LNG carrier vessels.

The bank entered into the sale and leaseback transaction on December 15, through its two wholly-owned subsidiaries CDBL Ocean and CDBL Planet, which are principally engaged in ship leasing business.

The ships will be leased back to their undisclosed charterer on a 12-year period, the bank said, starting from the vessel delivery which is scheduled for January 2018.

The charterer is said to be a shipping company.

Once the charter expires, the charterer is obliged to buy back the ships.

As disclosed, the LNG carriers have a market value of USD 428 million.

Furthermore, the vessels recorded a loss of USD 12.7 million for the year ended December 31, 2015, and a profit of USD 1.44 million for the year ended December 31, 2016.

CDBL noted that the total lease interest from the deal is estimated to reach USD 150.4 million, while the total rent is worth USD 514.28 million.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>

Events>

<< Mar 2019 >>
MTWTFSS
25 26 27 28 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31

LNG2019

LNG2019 features the largest number and highest level of LNG industry leaders.

read more >

Singapore Maritime Week (SMW) 2019

very year, SMW gathers the international maritime community for a week of flagship conferences…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >