China EximBank to fund 58 ships through 10 Chinese and foreign firms
Time：2016-11-03
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The 10 recipients of China EximBank`s credit facilities, include China State Shipbuilding Corp (CSSC), China Shipbuilding Industry Corp (CSIC), Maersk Line, and Petrobras.
The international companies will receive $2 billion and the Chinese firms will receive CNY10.17 billion, reported Colchester`s Seatrade Maritime News.
The financing agreement, which was signed at an industry forum held in Beijing, will cover the construction of 14,500-TEU and 20,000-TEU containerships, 1,600-car-capacity ro-ro vessels, 180,000 dwt bulk carriers, 174,000-cubic metre LNG carriers, very large ore carriers (VLOCs), dive support vessels, as well as other high-value ships.
Since 2013, China EximBank has released CNY170 billion ($25 billion) towards ship financing, accounting for 30 per cent of China`s ship export market value.