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GNG Ocean Shipping secures financing for chemical tanker pair

China’s state-owned GNG Ocean Shipping has entered into an agreement with BNP Paribas for the financing of two of the company’s newbuild chemical tankers.

Under the agreement, BNP Paribas will provide a total of $31.5m to finance GNG’s two 13,000 dwt chemical tankers Yue You 906 and Yue You 908.

Yue You 906 was delivered to GNG by Guangdong Bonny Fair Heavy Industry in June while the construction of Yue You 908 is near completion at the same yard.

GNG currently owns a fleet of eight vessels, comprised of four bulkers and four chemical tankers.

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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