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Wison secures $631m credit line from Minsheng Bank

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.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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