Cosco Shipyard and CMB Financial Leasing have signed a strategic agreement in Shanghai to further broaden their cooperation, the Chinese shipbuilder announced.

In a short statement on its website, Cosco Shipyard said the two sides would deepen cooperation in the areas of information exchange and sharing, and establishing greater communication.

CMB Financial Leasing, wholly-owned by China Merchants Bank, has a considerable shipping portfolio including a $540m sale and leaseback deal on two FSRUs, a $140m newbuilding pre and post-delivery financing for two 11,000 teu containerships, and a $50m newbuilding operating lease on two 64,000 dwt ultramaxes.