GasLog Partners has concluded a $120m sale-and-leaseback deal with China Development Bank Leasing (CDBL) on one of its eight-year-old LNG carriers.

US-listed GasLog said the agreement on the 155,000-cbm, tri-fuel diesel-electric vessel GasLog Shanghai (built 2013) with a wholly owned subsidiary of CDBL will release around $20m of incremental net liquidity to the company.