Finance and InsuranceGreater China

CSSC Shipping secures refinancing for seven vessels

CSSC Shipping, the financial leasing unit of China State Shipbuilding Corporation, has secured a ten-year term loan facility of $123.46m to refinance the acquisition of seven vessels.

In May, CSSC Shipping also secured $116.8m loan facility to finance the acquisition of four vessels.

CSSC Shipping currently owns a fleet of over 50 vessels with another 20 on the orderbook.

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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