Shanghai’s Wison Offshore & Marine has been granted a more than RMB4bn ($631m) line of credit by China Minsheng Bank (CMBC) to support its new order financing.
Currently, the world’s first operational FLNG facility is being delivered at Wison‘s yard in Nantong under an engineering, procurement, construction, installation and commissioning (EPCIC) contract with Exmar. A few days ago, Wison celebrated the keel-laying of a new Exmar FSRU project, a barged-based floating LNG regasification unit, which is the first China-made FSRU undertaken by a Chinese company under an EPCIC contract.
“The strong financial support from CMBC enables us to develop our strategy of becoming a global leader in large-scale modules fabrication to support the large EPC contractors through our world-class fabrication facilities in China,” said Cui Ying, ceo of Wison.
