New Times Shipbuilding receives orders for 10 MR chemical tankers

CDB Leasing announced that the company’s wholly-owned subsidiary, China Development Bank Leasing and New Times Shipbuilding (NTS) entered into a ship purchase agreement on June 15, 2021. The consideration is US$383.8 million (equivalent to approximately RMB 2.459 billion).

The trading ships are 10 50,000 DWT MR chemical tankers. NTS will build ships in accordance with the ship purchase agreement.

The announcement stated that ordering new ships is conducive to giving full play to the advantages of all parties, is conducive to increasing the market share of CDB Leasing in the shipping market, and is in line with the company’s business development strategy.

Source Xinde Marine News