Oldendorff makes sale-and-lease-back deal
The German dry bulk shipping company Oldendorff have now become part of the group of shipping companies that strengthen their liquidity by selling their ships in order to lease them back. According to Fairplay, the company has entered a sale-and-lease-back deal with China Development Bank Financial Leasing for 13 ships.
The ships in question are all Ultramax built between 2014 and 2018.
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