Finance and InsuranceGreater ChinaShipyards

Waigaoqiao Shipbuilding secures $296m credit facility

CSSC-affiliated Shanghai Waigaoqiao Shipbuilding has signed a loan agreement yesterday with CSSC Finance Company, China Industrial Bank and Shanghai Pudong Development Bank.

Under the agreement, the three financiers will jointly provide a RMB2bn ($296m) credit facility to Waigaoqiao Shipbuilding over the next three years.

Waigaoqiao Shipbuilding currently has a volume of 2.9m cgt of orders on hand, ranked number one among Chinese shipyards.

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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