China Development Bank Financial Leasing (CDB Leasing) has agreed to buy 10 MR product tankers under construction at New Times Shipbuilding.
The Hong Kong-listed leasing arm of state-owned China Development Bank said it will pay New Times nearly $384m for the 50,000-dwt vessels.
CDB Leasing said the ships will be chartered to an unnamed company via an operating lease agreement at floating rates.
