Dasin Shipping

Chinese giant Cosco Leasing strikes leaseback deal with Singapore based shipowner Dasin Shipping for eight (8) supramax bulk carriers. Cosco Leasing which is the leasing arm of Cosco Shipping Development Corporation (CSDC) has acquired eight (8) supramax bulk carriers in a sale and leaseback deal. Eight (8) supramax bulk carriers were built between 2008 and 2012 at Jiangsu Hantong Shipyard:

  • MV Mandarin China (57K DWT built 2011)
  • MV Dalian (57K DWT built 2010)
  • MV Eagle (57K DWT built 2008)
  • MV Hantong (57K DWT built 2011)
  • MV Noble (57K DWT built 2012)
  • MV Phoenix (57K DWT built 2010)
  • MV River (57K DWT built 2011)
  • MV Singapore (57K DWT built 2011)

Singapore based shipowner Dasin Shipping is led by Zhang Lan Shui. Cosco Leasing has not revealed lease back price for the deal. According to market veterans, eight (8) secondhand supramax bulk carriers are worth around $80 million. Singapore based shipowner Dasin Shipping controls 21 bulk carriers. Dasin Shipping is a unit of China Dalian International Economic & Technical Cooperation Group.