China Shipping secures USD 8 billion loan

China Shipping has secured a loan of up to USD 8 billion from China Development Bank over the next five years. The deal reflects the current trend Deutsche Bank is warning against.

BY KATRINE GRØNVALD RAUN

A loan of up to USD 8 billion over the next five years will help facilitate the further expansion of the major state-owned conglomerate China Shipping Group, which owns container carrier China Shipping Container Lines (CSCL).

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China Shipping secures USD 8 billion loan

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Deutsche Bank: China's shipping loans could trigger next crisis

Asian shipping leaders call for increased consolidation

China's 2nd largest carrier suffers huge deficit

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Front page now

Wärtsilä to introduce ammonia engine: "We are definitely not a bottleneck"

Will the world come to need 12 million barrels of oil a day?

Poseidon Principles align with IMO climate targets

Royal Arctic Line's chief executive steps down

Broker sees benefits in Fredriksen's possible purchase of rival's tankers

Carriers go their separate ways on climate quotas

Russia takes more risks by increasing shipping on Arctic route

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Gram Car Carriers lands multi-year contract worth USD 114m

Mississippi River waters dip toward record low in threat to US crop exports

Seven Seas: Customers' green ambitions and actions don't align

Venture fund in Singapore wants increased business focus from start-ups

Further reading

Carriers go their separate ways on climate quotas

Wärtsilä to introduce ammonia engine: "We are definitely not a bottleneck"

Media: Sale of DB Schenker enters next phase

It's time for DHL's new global head of ocean freight to prove he can be number one

Will the world come to need 12 million barrels of oil a day?

Russia takes more risks by increasing shipping on Arctic route

Jobs