Narrative
Full Description
Project narrative
In 2023, China Development Bank Leasing Company entered into a leasing agreement with Mediterranean Shipping Company, S.A. The ships are constructed by Jiangsu Yangzijiang Shipbuilding Group. On April 14, 2023, MSC Loretto was delivered. On June 26, 2023, the last ship MSC Mariella was delivered. Both vessels feature 399.9 meters in length and have a breadth of 61.3 meters. The ships' depth is 33.5 meters. The feeder is equipped with deeply optimized lashing system. It also boasts energy-saving measures such as an air lubrication system, a shaft generator, and wind resistance reduction optimization.
Staff comments
1. A lease is a contractual arrangement calling for the lessee (user) to pay the lessor (owner) for use of an asset. The lessor is the legal owner of the asset, while the lessee obtains the right to use the asset in return for regular rental payments. Under a capital lease (a financial arrangement where the lessee/borrower uses an asset and pays regular installments plus interest to the lender/lessor), rental payments are usually classified as interest and obligation payments, similarly to a mortgage (with the interest calculated each rental period on the outstanding obligation balance). AidData codes capital leases as loans.