Vietnamese newcomer Asia Pacific Shipping has sold two product tanker newbuildings to CSSC (Hong Kong) Shipping for $105.3m in a sale-and-leaseback deal.

The Nguyen Quynh Anh-backed shipowner will take the pair back on bareboat charters for a total of 10 years at a cost of $128.7m.

CSSC Shipping said it is due to take delivery of the unspecified tankers in September and December 2026.