Finance and InsuranceGreater ChinaShipyards
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.