Greater China

Zhonggu Shipping secures financing for newbuilds

Shanghai: Shanghai-based Zhonggu Shipping, a major domestic container shipping company, has signed an agreement with Shanghai Guojin Leasing on the financing of two 2,500teu containerships.

Zhonggu Shipping ordered ten 2,500teu vessels at Zhoushan Wuzhou Shipbuilding & Repairing in September last year to further expand its fleet. Deliveries are scheduled in 2015.

In addition to the financing deal with Guojin Leasing, Zhonggu Shipping said it has recently has secured bank loans for another six of the newbuild containerships. [09/07/14]

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