Finance and InsuranceGreater ChinaTankers
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.