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German carriers in bln USD deal with Chinese bank

Peter Döhle Shiffahrts-KG and Bernhard Schulte have signed a USD 1.2 billion loan agreement with Chinese state-owned bank. The funds will be used to purchase newbuildings.

Photo: EUROGATE

The two German shipping companies Peter Döhle Shiffahrts-KG and Bernhard Schulte have signed a major financing agreement with Chinese state-owned bank Export-Import Bank of China (EximBank), which will provide a total of USD 1.2 billion for newbuildings, says the official Chinese news agency, Xinhua.

The loan agreement between EximBank and Peter Döhle Shiffahrts-KG and Berhnard Schulte was signed on Friday in relation to Chinese president Xi Jinping's state visit to Germany.

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