The financier is China Shipping Leasing Co (CS Leasing), which is part of the newly merged Cosco China Shipping group.
Under the terms of the transaction, Nanjing Shenghang will generate cash of CNY 28m ($4.3m) for the 4,200-dwt tanker Nan Lian 2 (built 2010).
The board approved lease payments of up to CNY 32m over the 60-month term of the agreement.
Online
