BP Shipping scores 869 million USD Chinese deal

BP Shipping has entered into a huge million dollar agreement to charter 18 tankers to a Chinese company, report Reuters.

Photo: BP

The British shipping group BP Shipping has entered into a major leasing contract with a Chinese company, report Reuters. The Chinese ICBC Financial Leasing will lease 18 tankers from BP Shipping for USD 869 million.

According to Reuters, it's the first business deal between the two companies and is among a range of agreements which have emerged from the recent visit of Chinese president Xi Jingping to Great Britain.

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