Expanding Turkish dry bulk player Ciner Shipping Industry & Trading notched up yet another ship financing deal in China, bolstering its already impressive history of leasing transactions there.
Law firm Watson Farley & Williams (WFW), which advised on the arrangement, revealed in a statement that the Istanbul-based company drew $136m in financing from SPDB Financial Leasing for four newbuildings at Sumec Marine, as well as for another quartet of unidentified vessels already in the water.
