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China EximBank offers $185m loan to Bangladesh Shipping to build six ships

The Export-Import Bank of China has backed the construction of six new ships for Bangladesh Shipping Corporation (BSC) with a loan of $185m, reports said.

Lee Hong Liang, Asia Correspondent

January 27, 2015

1 Min Read

Kalyakan - stock.adobe.com

The newbuildings comprise of three bulk carriers and three oil tankers, local media reported.

State-owned BSC owns a fleet of eight vessels with five in operation. The shipowner seeks to renew its fleet as the average age of its fleet is over 30 years old.

Recently, China EximBank extended a loan of $312m to Shanghai Waigaoqiao Shipbuilding, subsidiary of China State Shipbuilding Corp (CSSC), for the construction of three 18,000 teu containerships.

About the Author

Lee Hong Liang

Asia Correspondent

Singapore-based Lee Hong Liang provides a significant boost to daily coverage of the Asian shipping markets, as well as bringing with him an in-depth specialist knowledge of the bunkering markets.

Throughout Hong Liang’s 14-year career as a maritime journalist, he has reported ‘live’ news from conferences, conducted one-on-one interviews with top officials, and had the ability to write hard news and featured stories.

See more from Lee Hong Liang

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