GNG Ocean Shipping secures financing for chemical tanker pair

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 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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