Bocomm Leasing to fund LNG carriers for MOL, CNOOC and Cosco
MOL says the deal marks its first contract with a Chinese leasing house, as it aims to diversify its funding methods and increase presence in China
Finance agreement comes as the Chinese lessor, which thrived on offering high leverage against low asset prices, is moving into traditional ship finance where it looks to fund 60% to 70% of a vessel with the owner coming in with the balance of equity
