Sinochem International Logistics has signed a sale-and-leaseback deal with China Huarong Financial Leasing (Huarong FL) for a newbuilding chemical tanker.
The MR tanker deal is the first transaction of its kind between the two Chinese state-owned companies.
Huarong FL said the stainless-steel, 38,000-dwt ship constructed by Nantong Xiangyu was bought for $57m and chartered back to Sinochem in a bareboat operating lease.
