CDB Financial Leasing, the leasing unit of China Development Bank, has announced the acquisition of six 60,000 DWT Ultramax bulk carriers from German owner Oldendorff Carrier for a total price of $137.1m.

The acquisition is part of a financial leasing arrangement which will see CDB Financial Leasing chartering the ships back to Oldendorff in operating lease mode.

Oldendorff Carriers currently owns a fleet of 176 bulk carriers and has another 524 chartered ships.