Fujian Shipbuilding inks financing agreement with China Exim Bank

Fujian Shipbuilding inks financing agreement with China Exim Bank

Chinese shipbuilder Fujian Shipbuilding Industry Group and China Exim Bank have signed a strategic agreement, which will see China Exim Bank provide a RMB8bn ($1.2bn) credit facility.

The funds  will be used to support the export ship orders of the group’s subsidiary yards, as well as for the transformation of the group.

Fujian Shipbuilding Industry Group is the major shipbuilding group in Fujian. It controls Fujian Mawei Shipbuilding, Xiamen Shipbuilding Industry, Fujian Southeast Shipbuilding and Fujian Funing Shipbuilding Industry.

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.

Related Posts