Independent journal on economy and transport policy
11:30 GMT+2
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NOL has sold eight portacontainer to the CMB Financial Leasing for 648 million dollars
salt Operation and leaseback of the French shipowning group CMA CGM
December 6, 2016
Neptune Orient Lines (NOL), company of navigation of Singapore that gives the half of this year has become a society integrally controlled from the French shipowning group CMA CGM(of 23 November 2015, and 10 june and 19 July 2016), has sold for 648 million dollars eight portacontainer of various abilities comprised between 9.000 and 11.000 teu to special purpose vehicle of entire property of the CMB International Leasing Ltd Management., that it is a branch of China Merchants Bank.
the eight ships therefore are rented to the APL, the acquired brand from same CMA CGM and that previously it characterized the services of operated marine transport of line from group NOL. Advisor of the transaction has been the international law firm Watson Farley & Williams (WFW).
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