Schoeller Holdings has agreed a sale-and-leaseback deal for a large chunk of its fleet with China Development Bank Financial Leasing (CDB Leasing).
The Cyprus-based company is selling 17 feeder containerships and four tankers to the Hong Kong-listed leasing arm of state-owned China Development Bank for $142m.
Schoeller Holdings has agreed to lease the vessels back for between three and five years, and has an option to buy the vessels back when the leases expire, CDB Leasing said in a regulatory filing.
