China Exim Bank provides $400m financing to Hudong Zhonghua

Shanghai: China Exim Bank has announced that it will provide $400m financing to CSSC-affiliated Hudong Zhonghua Shipbuilding for the construction of four 174,000 cu m LNG carriers.

The four vessels were jointly ordered by four companies including CNOOC Energy Technology and Services, China LNG Shipping Limited, Teekay LNG Partners and BW's LNG investment arm.

China Exim Bank said it has provided financing support for 16 LNG carriers orders at Chinese shipyards, and is currently the largest LNG carrier financing bank in China. [04/07/14]

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