Greater China

CMES takes loan from parent

Shanghai: China Merchants Energy Shipping (CMES) announced that the company will take a one-year entrusted loan of RMB500m from parent company China Merchants Group through ICBC.

CMES said the loan will ease the company’s short term financial pressure and that the company will purchase more financial products from banks this year. [25/02/14]

Splash

Splash is Asia Shipping Media’s flagship title offering timely, informed and global news from the maritime industry 24/7.
Back to top button