Chinese leasing for Marinakis VLCCs hailed as bellwether deal
Two Chinese leasing companies have agreed to finance a quartet of VLCCs ordered from Samsung by Greece-based Capital Maritime to the tune of about $210m, underlining the advance of this form of financing for shipping. Lloyd’s List has identified a second VLCC leasing transaction approaching conclusion as shipowners at a Marine Money conference in Athens voiced optimism that leasing is here to stay
Expansion of funding to cover range of vessel sizes and types highlights the rise in importance of Chinese firms
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