China’s largest ship leasing centre hits 1,000-vessel mark

The landmark vessel is a floating liquefied natural gas facility built in Singapore.

The Dongjiang Free Trade Port Zone (DFTP) has reached the 1,000th mark for its vessel leasing.

To mark this achievement, the government said a signing ceremony was held at the port zone located in the northern Chinese municipality of Tianjin.

The vessel involved was a floating liquefied natural gas facility built in Singapore, with a total investment of nearly $1.8b, including approximately $1.2b in leasing-based financing.

DFTP official Shi Jinfeng said “the deal is another milestone in Dongjiang's offshore ship leasing and the largest cross-border syndicated leasing project on the Chinese mainland to date, in terms of both financing scale and number of participants.”

The free trade port zone specialises in leasing and handles over 90% of the mainland's cross-border leasing of ships and offshore engineering equipment.