F. Laeisz gets $65m financing deal from ICBC

F. Laeisz gets $65m financing deal from ICBC

German owner F. Laeisz has signed a financing deal with Chinese bank ICBC in order to support its newbuilding projects in China.

Under the agreement, ICBC will provide $65m buyer’s credit for F. Laeisz’s two car carriers under construction at Cosco Dalian Shipyard.

It is ICBC’s second ship financing deal for German shipowners in the last two weeks. It also signed a financing agreement with Germen owner Peter Döhle at the end of October.

F. Laeisz was established in 1824 and is one of the oldest shipping companies in Germany. It currently operates container ships, bulk carriers gas carriers and car carriers.

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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