Marine Link
Friday, March 29, 2024
SUBSCRIBE

Minsheng Financial Leasing Co News

11 Nov 2018

Navios Maritime Containers Fleet Update

Navios Maritime Containers Inc. (Navios Containers) took delivery of Navios Miami, a 2009-built, 4,563 TEU containership in the last month.According to a press note from the growth vehicle dedicated to the container sector of the maritime industry the vessel was acquired for a purchase price of $13.9 million.The acquisition of the vessel was financed with cash on the balance sheet and a new $9.0 million term loan facility. The facility has an amortization profile of 7 years, matures in September 2023 and bears interest at LIBOR plus 300 bps per annum.Fleet capacity has grown from 21 to 26 vessels  totaling 124,101 TEU since the end of 2017, representing a fleet capacity growth of 40% during the period.The current average age of the fleet is 10.5 years.

29 Dec 2014

BOURBON Continues to Sell Vessels

BOURBON completes vessel sales to ICBC Financial Leasing and Standard Chartered Bank and announces new sale and bareboat charter agreement with Minsheng Financial Leasing Co. BOURBON has completed the transfer of ownership under the agreements with ICBC Financial Leasing (ICBCL) and Standard Chartered Bank (SCB) as part of the sale and bareboat charter agreements signed in 2013, the company announced today. During 2014, the ownership of 25 vessels was transferred to ICBCL in accordance with the agreement signed in April 2013. Combined with the 21 vessels transferred in 2013, this brings the total number of vessels transferred to ICBCL to 46 for a total value of more than $1.4 billion. BOURBON has also completed the transfer of vessels to SCB under the agreement signed in November 2013.

15 Jun 2011

Graig Takes Delivery of Bulk Carrier

Cardiff-based Graig Ship Management Limited has taken delivery of the 79,600 dwt bulk-carrier King Peace, for which it is providing full technical management and crewing on behalf of Shanghai-based Zhong An Shipping. The vessel was built at China’s Wu Jia Zui Shipyard under the supervision of Graig China Ltd. Managing ships for Chinese owners is a logical step for Graig, which began business in China in 1995, building ships there for itself, then building up expertise in newbuilding supervision and Chinese yard capabilities to help other Western owners to get the best out of China.

28 Mar 2011

Graig Wins Major Chinese Newbuilding Contract

Shanghai-based Graig China, part of the UK’s Graig group, has won a ten-ship order to supervise newbuildings for Chinese leasing company Minsheng Financial Leasing Co Ltd. The supervision contract brings to twenty-three the number of Chinese-owned vessels building in Chinese shipyards under the supervision of Graig. The new contract is to supervise the construction of ten 76,000 dwt bulk carriers to be built at Jiangsu Rong Sheng Heavy Industries Co Ltd, with delivery of the final vessel scheduled for the first quarter of 2012.

04 Mar 2010

Wärtsilä for Eight Chinese Bulk Carriers

Photo courtesy Wärtsilä

Wärtsilä's two-stroke engines have been chosen for eight Chinese bulk carriers. The order was placed by Beijing-based Minsheng Financial Leasing Co. Ltd. Wärtsilä's Chinese licensee, Hefei Rong'An Power Machinery Co Ltd (Rong'An), a member of the Jiangsu Rongsheng Heavy Industries Group Co Ltd (RSHI), will build the engines. The Wärtsilä RT-flex58TB two-stroke engines will be installed in a series of eight 76,000 dwt Panamax bulk carriers. The first vessel is scheduled to be launched in March 2011.