Cosco Shipping Inks USD 26 Bn Financing Deal with CDB

Shipping giant China Cosco Shipping Group (Coscocs) has entered into a CNY 180 billion (USD 26 billion) financing agreement with China Development Bank (CDB), according to information provided by the company.

The financing deal, which will cover the period of the next five years until 2021, would be mostly used to boost China’s One Belt, One Road project.

Under the agreement, the parties plan to further strengthen their cooperation while developing the country’s maritime power.

China Cosco Shipping recently signed a strategic agreement with Chinese state-owned automaker FAW Group for the transportation of vehicles and components.

Under the agreement, signed on January 3 in Shanghai, the parties plan to strengthen their co-operation in warehousing, as well as explore the market, green transport of water transport, and transport capacity advantages.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jan 2020 >>
MTWTFSS
30 31 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

The 9th Annual Event Green Shiptech China Congress 2020

The 9th Annual Event- Green Shiptech China Congress 2020 will be held on next…

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 >