Finance and InsuranceGreater China
CSSC Shipping secures refinancing for seven vessels
CSSC Shipping, the financial leasing unit of China State Shipbuilding Corporation, has secured a ten-year term loan facility of $123.46m to refinance the acquisition of seven vessels.
In May, CSSC Shipping also secured $116.8m loan facility to finance the acquisition of four vessels.
CSSC Shipping currently owns a fleet of over 50 vessels with another 20 on the orderbook.