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

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 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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