Zhonggu Shipping inks financial leasing deal with CSSC Shipping

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 worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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