Chinese export bank offers new million dollar loans to shipping
The Chinese Export-Import Bank has issued five loans for a total of USD 825 million in an effort to support the ship industry. One of the loans goes to a joint agreement with Norwegian Seadrill, writes Lloyd’s List.
BY LOUISE VOGDRUP-SCHMIDT
Five major loan financing agreements for a total of USD 825 million were issued by the Chinese Export-Import Bank on Tuesday, in an effort to support China’s shipping and shipbuilding industries, according to Lloyd’s List.