China's Bank of Communications Financial Leasing and SPDB Financial Leasing have confirmed an order for very large ethane carriers (VLECs) chartered to Shandong Shipping's Pacific Gas.
According to Shandong, the vessels will be shipping ethane for chemicals giant Ineos under a long-term agreement.
“We adopt an asset light strategy to integrate multiple resources. We have managed to take advantage of lease financing and work with the shipbuilder and our end customer to benefit the parties involved,” the Chinese shipowner said.
