News / Schoeller Holdings sells its boxship fleet in leaseback deal

Cape Ferrol – Credit Paul Chiang.

Schoeller Holdings has sold its 17 containerships to China Development Bank Financial Leasing in a leaseback arrangement.

Included in the $142m transaction are four of Schoeller’s five tankers, which will also be leased back.

CDB Leasing said, in a Hong Kong Stock Exchange filing today, the ships would be leased back to the seller for three to five years, after which Schoeller may buy them back, after paying 20% of the financing amount of each vessel in the last instalment.

The 17 ships ...