CDB Leasing, a wholly owned subsidiary of China Development Bank Leasing, has entered into a vessel purchase agreement with CMB International Leasing Management to acquire an LNG vessel for $154.5 million.

The deal is expected to increase the market share of China Development Bank Leasing in vessel owning and is consistent with the company’s business development strategy.

China Development Bank Leasing provides comprehensive leasing services to the aviation, infrastructure, shipping, vehicle and construction machinery industries. Its subsidiary CDB Leasing (International) Company deals mainly with shipping investment and financing business.