EximBank China Approves USD 494m in Shipbuilding Loans

EximBank China Approves USD 494m in Shipbuilding Loans

Export-Import Bank of China has granted a USD 312 million loan to Shanghai Waigaoqiao Shipbuilding for the construction of three 18,000 TEU container ships. The bank also signed a USD 182 million financing agreement with Bangladesh Shipping Corporation for the construction of six newbuildings.

Exim Bank of China signed the loan for the construction of the container ships with China State Shipbuilding (Hong Kong) Shipping Leasing, subsidiary of China State Shipbuilding Corp (CSSC) which owns Shanghai Waigaoqiao Shipbuilding.

Bangladesh Shipping Corporation will use its loan to finance the construction of three bulk carriers and three tankers, local media reported.

The state-owned BSC currently owns eight ships, with five of those in full operation. With the fleet’s average age of 30 years, most of the global ports are out of BSC’s reach due to international regulations.

earlier this month, EximBank of China signed a USD 1.75 billion loan facility with China’s shipping and logistics giant Cosco for the construction of 53 new vessels.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Offshore Energy Exhibition and Conference (OEEC) 2020

The three-day event includes an exhibition where an expected 600+ supply chain companies…

read more >

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >

2nd GREENTECH IN SHIPPING GLOBAL FORUM

Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >