On September 19, COSCO SHIPPING Bulk Co., Ltd. and CDB Financial Leasing Co., Ltd. signed a long-term charter contract for a 210,000 DWT bulk carrier in Guangzhou. Ma Hong, Chairman and Party Committee Secretary of CDB Leasing; Chen Wei, Chairman and Party Committee Secretary of COSCO SHIPPING Bulk; Yu Bo, Senior Expert of CDB Leasing; and Shi Fu’an, Deputy General Manager of COSCO SHIPPING Bulk, attended and witnessed the signing ceremony. Pan Siwei, General Manager of the Strategy and Enterprise Management Department of COSCO SHIPPING Bulk, and Xiong Jianfeng, Executive Director of the Ship Business Department of CDB Leasing, signed the contract on behalf of both parties.
This cooperation is an important measure for both sides to thoroughly implement the new development philosophy and promote the high-quality development of the shipping industry. It will not only help COSCO SHIPPING Bulk supplement large, high-quality iron ore shipping capacity and optimize its fleet structure, but will also strongly promote CDB Leasing’s optimization of its shipping asset layout and enhance its ability to serve the real economy.
Prior to the signing, the two parties held in-depth discussions on the current situation of the shipping and ship markets, as well as how to further innovate cooperation models and expand cooperation results. They unanimously expressed that they would take this signing as an opportunity to continuously deepen a long-term, stable, and mutually beneficial cooperation mechanism, promoting resource synergy and complementary advantages.
It is understood that CDB Financial Leasing Co., Ltd., established in 1984, is a nationwide non-bank financial institution regulated by the National Financial Regulatory Administration (NFRA). It is the sole leasing business platform under China Development Bank and the first listed financial leasing company in China, with a registered capital of RMB 12.64238 billion.
CDB Leasing actively implements the sustainable development concept of closely linking leasing with the real economy. It is the first leasing company in China to vigorously develop ship operating lease business, having built the largest and highest-quality ship operating lease fleet in the country. It has established a professional ship operating lease business team with international competitiveness and has achieved outstanding operating performance in the ship leasing industry. The “CDB Leasing Ship” brand has become widely recognized in the international ship leasing market.
As of December 31, 2024, CDB Leasing had a total of 253 ships in operation and an additional 8 ships under construction. In 2024, the company completed the delivery and commencement of leases for 23 newbuild vessels, opportunistically sold 6 vessels, and optimized and renewed its fleet structure. The fleet operated safely and efficiently throughout the year, with the average utilization rate for time-chartered vessels reaching approximately 99.6%, maintaining an internationally first-class level.
