SPDB Financial Leasing, part of Shanghai Pudong Development Bank (SPD Bank), has signed an operating lease agreement for two 11,380 TEU CMA CGM boxships.

The signing ceremony took place in Shanghai on November 18, 2019, the bank said in a statement.

Under the agreement, SPDB Financial Leasing purchased two vessels from the French shipping company CMA CGM.

No details on the price have been disclosed.

The transaction is said to be the first cross-border leasing project involving domestic financial leasing companies in the Lingang New Area.

As explained, the deal is in line with the SPDB Financial Leasing’s strategy to expand its presence in the ship leasing sector.

The Chinese company currently owns seven CMA CGM containerships and two Pacific Gas VLGC LPG vessels, data provided by VesselsValue shows.

World Maritime News Staff