China EximBank will also be providing Jinhai Heavy with the ship export seller’s credit, the bank announced on Thursday.
An official at the bank said the latest deal involving both buyer’s and seller’s credits is important towards bringing about more international newbuilding orders to Chinese shipyards, and at the same time ease the financial burden for domestic yards.
Established in 1994, China EximBank has channelled more than RMB600bn ($93.9bn) towards ship financing involving some 9,800 vessels for exports.
In recent years, the bank has concentrated more of its financing on higher value vessels such as LNG carriers, larger containerships and energy-efficient, specialised vessels.
Copyright © 2024. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited. Add Seatrade Maritime News to your Google News feed.
