Newly listed Chinese owner Seacon Shipping Group has increased its acquisition power with a lease financing deal in Japan.

The company, which floated in Hong Kong in March, said it has sold the 13,500-dwt general cargo ship newbuilding Seacon Yokohama for $21.25m, with a bareboat charter back.

The ship was due to be delivered from Murakami Hide Shipbuilding in Japan this week.