China Development Bank Financial Leasing (CDB Leasing) has emerged as the buyer of seven handysize bulkers sold by a company controlled by John Fredriksen.

US-listed SFL Corp announced on Tuesday that it was selling the 32,000-dwt to 34,000-dwt vessels for a total of $100m to an unknown Asian buyer.

Late on Tuesday, Hong Kong-listed CDB Leasing confirmed in a regulatory filing that it had swooped on the vessels.