China Merchants Commerce Financial Leasing (CMC Leasing), a lessor owned by Chinese state-owned conglomerate China Merchants Group, has bought its first container ship as it expands its shipping portfolio.
CMC Leasing confirmed that it has recently purchased the 2002-built 1,618 TEU Bal Peace from Oceanmoney Hongkong, a leasing unit of another Chinese state-owned group, Xiamen C&D Corporation.
Since mid-2021, the boxship Bal Peace had been on finance lease to Bal Container Line, a privately owned...
https://container-news.com/china-merchants-leasing-unit-makes-boxship-debut/