CSSC (Hong Kong) Shipping, the leasing arm of China State Shipbuilding Corp, has agreed a sale-and-leaseback deal for two MR product tankers.

The two 55,600-dwt newbuildings have been bought from two special purpose vehicles ultimately controlled by Jiang Wenjuan, chairman of Hong Kong’s Goldwin Shipping.

The shipyard-affiliated leasing company has agreed to pay a total of $70.9m