ContainersFinance and InsuranceGreater China

Zhonggu Shipping inks financial leasing deal with CSSC Shipping

Chinese domestic container shipping company Zhonggu Shipping has signed a framework financing agreement with CSSC Shipping (Hong Kong), the shipowning and financing arm of China State Shipbuilding Corporation (CSSC).

Under the agreement, the two companies will establish a long term financing cooperation and CSSC Shipping will provide financing support for Zhonggu Shipping’s feeder containerships orders at CSSC-affiliated Shanghai Shipyard.

Zhonggu Shipping ordered four 2,500teu containerships with options for two more at Shanghai Shipyard.

Zhonggu Shipping listed on China’s NEEQ in March and it also established a fully-owned financial leasing unit, Tianjin Zhongrong Hengtai International Leasing, at Tianjin Dongjiang Bonded Area in August.

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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