CDB Leasing acquires five MR tankers from Trafigura

  China Development Bank Financial Leasing (CDB Leasing) has agreed to purchase five MR product tankers from Geneva-based commodities giant Trafigura.

  The transaction,worth approximately $140m,involves five of CDB Leasing’s Hong Kong-incorporated special purpose companies,which are principally engaged in the vessel leasing business.

  Delivery dates for the five unnamed ships have not been revealed.

  This year,the Hong Kong-listed CDB Leasing has been rapidly acquiring product tankers and bulkers. In June,it paid $383.8m for 10 MR units under construction at New Times and most recently $108m for 16 bulker newbuildings ordered at Penglai Zhongbai Jinglu Ship Industry and Huanghai Shipbuilding.