Bank of Communications Financial Leasing (BCFL) once again "investing" in container ships. Bocomm Leasing has signed a chartering contract with Sinokor Merchant Marine for four ships belonging to this South Korean shipping company.
This also means that Bocomm Leasing has further expanded its portfolio in the container sector.
The four ships involved in the transaction are two 8,586TEU Mediterranean Bridge and Gulf Bridge, built in 2011, and two other vessels, Baltic South, built in 2010, and Baltic West, built in 2009.
The ships were built by Hyundai Heavy Industries of South Korea and are being operated by CMA CGM.
Sinokor did not disclose the terms of the sale and chartering contract, but the term is generally 5 to 10 years with repurchase options.
The transaction was actually finalized at the end of July this year.
The prices of the ships have not been disclosed, but VesselsValue estimates that the unit price of Mediterranean Bridge and Gulf Bridge is estimated to be approximately US$37 million, while the unit price of Baltic South and Baltic West is approximately US$11 million.
Source: Sarah Yu, XINDE MARINE NEWS
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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