China Shipping in massive deal with state-owned bank

China Shipping Group and state-owned Bank of China have entered a large-scale partnership for a total of USD 14 billion. The deal is part of the country's ambitions to fine tune the Chinese shipping industry ahead of 2020.

by DANIEL LOGAN

China Shipping Group has secured around USD 14 billion in credit and financing facilities through a giant collaboration with state-owned Bank of China, reports Seatrade Global.

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