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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.

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.

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