Cosco Shipping Development (CSD) has agreed to a sale-and-lease back deal for four 10,000-teu containerships with a Japanese firm specialised in tax lease arrangements.
In an exchange filing, the Shanghai and Hong Kong-listed financing arm of China Cosco Shipping said the ships will be sold to Financial Products Group (FPG) for $267m.
The deal involves the CSCL Spring, CSCL Summer, CSCL Winter and CSCL Bohai Sea.
