Cosco Shipping leasing unit buys $200m worth of containers

Cosco_Pacific

China Cosco Shipping Corporation Limited’s (Cosco Shipping) container leasing arm has entered into a deal to buy 154,000 units of containers for $200.38m.

The deal was entered into by Florens Container Investment, an indirect wholly-owned subsidiary of Cosco Shipping Development Co (CSDC), with the seller CLC II, an investment holding firm incorporated in Bermuda.

CSDC, a main subsidiary of Cosco Shipping, announced that the acquisition will be funded by internal resources and external debt financing of the group.

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