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Bocomm Leasing signs tanker charter deal with Shell

A total 12 dual fuel newbuildings will be chartered by Shell for seven years, instead of 15 years as speculated previously. The deal was arranged as an operating lease, in which the charterer is not obliged to buy back the ship assets from the lessor after the charters expire

Deal is expected to give a fillip to the order-thirsty Chinese yards amid a severe demand downturn battering the broader shipbuilding sector

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