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New acquisitions

Five product tankers for CDB

by Port News Editorial Staff

CDB Financial Leasing has agreed to purchase five mid-range tankers for up to 140 million dollars from trading company Trafigura.

Thanks to the recent acquisition of 14 more product tankers from Maersk Product Tankers, China Development Bank Financial Leasing will be increasing its fleet by 80 vessels, including newbuilding and second-hand tonnage, this year. The total cost of this expansion project is estimated at around 2 billion dollars.

Translation by Giles Foster

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