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 worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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