The 10 recipients of China EximBank’s credit facilities, including China State Shipbuilding Corp (CSSC), China Shipbuilding Industry Corp (CSIC), Maersk Line, Petrobras, signed the financing agreement with the Chinese bank last Friday at an industry forum held in Beijing, China.
The total of RMB24bn from China EximBank is separated into $2bn for international companies and RMB10.17bn for Chinese firms.
The financing agreement will cover the construction of 400,000 VLOCs, dive support vessels, 174,000 cu m LNG carriers, 14,500 teu and 20,000 teu containerships, 1,600 car capacity ro-ro vessels, 180,000 dwt bulk carriers, as well as other high-value ships, totalling 58 units.
Since 2013, China EximBank has released around RMB170bn ($25bn) towards ship financing, taking up 30% share of China’s ship export market value. Among the total, the export buyer’s credit amounted to $14bn.
Copyright © 2024. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited.  Add Seatrade Maritime News to your Google News feed.   Â
