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.