Greater China

BOCOM Finance Leasing completes first ship charter deal in FTZ

Shanghai: Bank of Communications (BOCOM) Finance Leasing has signed shipbuilding contract with China Shipping Industry for the construction of three 9,400 teu containerships.

The ships will be leased to CMA CGM under a long term bareboat chartering contract upon completion. The deal is also the first ship charter deal BOCOM operated through its SPV in the Shanghai Free Trade Zone. [08/01/14]

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