Marine Assets Corporation secures financing for PSV

Marine Assets Corporation secures financing for PSV

UAE-based offshore owner Marine Assets Corporation (MAC) has signed a financial leasing agreement with Chuanzheng Overseas Development, the financial leasing unit of Fujian Shipbuilding Industry Group, for a platform supply vessel it has on order at Fujian Mawei Shipbuilding.

The vessel is scheduled for delivery in March, and under the agreement Chuanzheng Oversea Development will acquire ownership of the vessel and charter it back to MAC.

MAC ordered four PSVs at Fujian Mawei in 2014, the other three vessels are currently under construction at the yard and deliveries are scheduled in July, September and December of this year.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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