AVIC International Leasing emerges as financier for five Navios product tankers

AVIC International Leasing has emerged as the financier behind Navios Maritime Acquisition’s sale-and-leaseback deal for five product tankers, continuing its pace of expansion since last year.

Industry sources suggested that the Chinese lessor paid $103.2m for the 50,000-dwt Nave Alderamin, Nave Capella and Nave Titan (all built 2013), as well as the 75,000-dwt Nave Andromeda (built 2011) and Nave Estella (built 2012).