Ningbo Marine supports development of Singapore subsidiary

Shanghai: Ningbo Marine announced that it will provide guarantee to its Singapore subsidiary for a $50m loan to further support the expansion of its international business.

Ningbo Marine (Singapore) is the fully owned subsidiary of Ningbo Marine, and it mainly offers services including ship chartering and sales, ship management and crew management.

Ningbo Marine reported a net loss of RMB13.3m in the first quarter of this year, slightly improved comparing with the same period of last year. [05/06/14]

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