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China Exim Bank provides $690m financing for 10 mega boxships at Jinhai Heavy Industry

China Exim Bank has signed a $690m buyer credit agreement with UK investment firm BCAP for its order of ten 10,000teu containerships at HNA-affiliated Jinhai Heavy Industry. The bank will also provide seller’s creditor to Jinhai.

The order is the largest ship order Jinhai has ever received. The vessels will be chartered to Mediterranean Shipping Company (MSC) upon completion.

Jinhai also received a $435m order for five 11,500teu boxships from HNA-affiliated SinOceanic in August.

Currently Jinhai has another thirteen boxship orders in hand made up of ten 8,800teu vessels and three 2,500teu vessels.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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