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.
Photo: Georg Hammerstein/POLFOTO/ARKIV
Photo: Georg Hammerstein/POLFOTO/ARKIV

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.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
Must contain at least 2 characters
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Share article

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Further reading