Golar LNG and Cosco Shipping Development Co (CSDC) have entered into a sale-and-leaseback agreement for a 2014-built LNG carrier.
The Chinese owner is paying $187m for the 160,000-cbm Golar Crystal, which will then be chartered back to Golar LNG for 10 years.
CSDC, the former China Shipping Container Lines (CSCL), explained this move would help its transformation into a financial services platform.
“The
