China: Rongsheng and CDB Ink USD 100 Million Loan Agreement

China Rongsheng Heavy Industries Group Holdings Limited,signed agreement for a loan of US$ 100 million with China Development Bank (CDB) Hong Kong branch.

This offshore US-dollar loan marks a milestone on the cooperation history between CDB and the Group. CDB Hong Kong Branch is the launch pad for CDB’s transition into world market. Its operations were set up to serve strong Chinese enterprise in the international arena. The corporation with China Rongshengillustrates CDB’s support to domestic private-owned enterprise and CDB’s efforts as a financial bridge between mainland China and Hong Kong.

In addition, this cooperation is another successful practice after China Rongsheng secured its first overseas syndicated loan of US$220 million in August. This demonstrates great support from financial institutioins and China Rongsheng’s proactive risk management strategy.

Ch Rongsheng is a leading large-scale heavy industry enterprise group. It possesses two manufacturing bases of shipbuilding and offshore engineering in Nantong of Jiangsu Province and diesel engine in Hefei of Anhui Province both approved by NDRC, covering wide services ranging from shipbuilding, offshore engineering, power engineering, engineering machinery and etc.

Shipbuilding Tribune Staff, December 30, 2011; Image: rshi

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Posted on December 30, 2011

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TOC Americas

TOC (The Terminal Operations Conference) has long been considered best in class by container terminal operators and their suppliers. Over time, TOC has evolved and whilst they continue to deliver the highest quality technical content in line with their heritage, they also recognise that they must now hear from stakeholders higher up the cargo chain. Therefore, there are now two distinct elements to the event:

The exhibition is a showcase for port & terminal technology and operations plus TECH TOC, the free to attend technical conference aimed at terminal operators and their suppliers. Many suppliers come together to showcase cutting edge solutions to their clients, the terminal operators and ports.

More recently, the events now placed a new focus on the container supply chain making them the premier business and networking event for the stakeholders, including shippers, carriers and 3pl’s as well as the global operators and port authorities. This conversation takes place in the more recently created Container Supply Chain Conference.

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The ASF Arctic Shipping North America 2016 Innovation Award will be presented to a company or individual that has developed an innovative idea…

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