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Marine Assets Corporation secures financing for PSV

Photo of Jason Jiang Jason JiangMarch 17, 2017
79 Less than a minute

UAE-based offshore owner Marine Assets Corporation (MAC) has signed a financial leasing agreement with Chuanzheng Overseas Development, the financial leasing unit of Fujian Shipbuilding Industry Group, for a platform supply vessel it has on order at Fujian Mawei Shipbuilding.

The vessel is scheduled for delivery in March, and under the agreement Chuanzheng Oversea Development will acquire ownership of the vessel and charter it back to MAC.

MAC ordered four PSVs at Fujian Mawei in 2014, the other three vessels are currently under construction at the yard and deliveries are scheduled in July, September and December of this year.

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Photo of Jason Jiang Jason JiangMarch 17, 2017
79 Less than a minute
Photo of Jason Jiang

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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