CMIG Leasing has offloaded five panamax and sub-panamax containerships in the fleet of Singapore's Pacific International Line (PIL), Chinese finance sources said.

Beijing-based Minsheng Financial Leasing (MFL) is said to have paid $88.9m for the 4,335-teu Kota Lihat (built 2013), 4,253-teu Kota Lawa (built 2008), 3,081-teu Kota Karim (built 2006), 2,754-teu Kota Gabung (built 2013) and 2,754-teu Kota Gaya (built 2012).