MSC awards major scrubber deal to Chinese shipyards

Box shipping giant Mediterranean Shipping Company (MSC) has signed a framework agreement with French bank BNP Paribas and China Export & Credit Insurance Corporation (Sinosure) for the financing of a major scrubber conversion deal.

Under the agreement, MSC will award scrubber conversion work for its containership fleet to a number of shipyards including subsidiary yards of Cosco Shipping Heavy Industry and China Shipbuilding Industry Corporation. BNP Paribas will provide financing support for the deal while Sinosure will offer export credit insurance services.

The deal is believed to be the single largest scrubber conversion order in the world so far. The contract details were not disclosed.

In July, MSC placed an EUR170m ($198m) order for scrubber systems with Wärtsilä for its containership fleet. The orders include both open and closed loop scrubber systems.

MSC is the world’s second largest container shipping line in terms of capacity, operating a fleet of around 200 containerships.

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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