Tongli Shipping inks kamsarmax sale and leaseback deal with CSSC Shipping

CSSC Shipping, the financial leasing unit of China State Shipbuilding Corporation, has entered into a sale and leaseback deal with Singapore-based Tongli Shipping for two kamsarmax bulkers. Under the deal, CSSC Shipping will acquire two newbuild 82,000 dwt bulk carriers from Tongli Shipping and charter them back to the company for a period of 120 …

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