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China’s ICBC Leasing has entered into financing deals worth a total of $1.1bn with France’s Jaccar Holdings and Belgian reefer firm Seatrade for the construction of 10 ships.

Maritime-focused investment firm Jaccar Holdings and China’s Watts Gallop Group have inked a partnership agreement in the field of engineering and contracting in the offshore oil and gas sectors.

China’s Yangzijiang Shipbuilding has ventured into the LNG sector with an order win to construct two LNG carriers for JHW Engineering & Contracting Limited, a subsidiary of Jaccar Holdings that owns Evergas.

Jaccar Holdings has launched a takeover bid for Bourbon at 24% over the last closing price for shares.