ShippingWatch

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.

The loans were provided to foreign companies with orders for offshore vessels at Chinese shipyards, including Norwegian Seadrill, for project financing of Chinese shipyards, and in credits for Chinese buyers.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Related articles

Latest news

See all jobs