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.

BY OLE ANDERSEN

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.

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German carriers in bln USD deal with Chinese bank

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Chinese shipyards benefit from offshore

Another Chinese yard wants to build ultra-large container ships

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Front page now

Maritime & Merchant notes fierce competition in loans for shipping

14 arrested at demonstration in front of Maersk headquarters

Norwegian car carriers bag multi-year contracts

IMO's fossil fuel ban in the Arctic faces criticism

Record influx of container ships this year will not cause trouble until 2025

Cosco and CMA CGM expect further pressure on major European ports

Kuehne+Nagel triggers unrest among staff with new management structure

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Less than one percent of the container fleet is currently idle

Congestion in Asian ports is now as bad as during Covid

Analysis: Capesizes have become too expensive despite strong market

UK Chamber of Shipping calls for more trade-friendly policies

Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Cosco and CMA CGM expect further pressure on major European ports

Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Analysis: Capesizes have become too expensive despite strong market

Jobs