Shortly after the contract with the Bank of Communication Financial Leasing, SMC has successfully secured a supervision contract for a series of eight 64,000 dwt bulk carriers from another leasing company in China – AVIC International Leasing.
Four vessels from the series are distressed assets with construction yet to be finished, while the remaining four are real newbuilding. The vessels are under construction at New Dayang, and SMC’s supervision on site started in early October.
AVIC Leasing is the largest leasing company in China among non-financial institute leasing firms and is determined to enlarge its operating lease business by entering the shipping industry.
This is SMC’s first cooperation with AVIC Leasing, and we wish this new partnership will help SMC in the future with acquiring more newbuilding projects.