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China Exim Bank puts up US$690 million for ten Jinhai HI 10,000-TEUers

CHINA Exim Bank has signed a US$690 million buyer credit agreement with British investment firm BCAP for its order of ten 10,000 TEU ships at HNA-affiliated Jinhai Heavy Industry. 

China Exim Bank puts up US$690 million for ten Jinhai HI 10,000-TEUers
24 August 2015 - 21:45
China Exim Bank puts up US$690 million for ten Jinhai HI 10,000-TEUers

CHINA Exim Bank has signed a US$690 million buyer credit agreement with British investment firm BCAP for its order of ten 10,000 TEU ships at HNA-affiliated Jinhai Heavy Industry. 

The bank will also provide seller's creditor to Jinhai, reported Singapore's Splash 24/7. The order is the largest ship order Jinhai has ever received. The vessels will be chartered to Mediterranean Shipping Company (MSC) upon completion.

Jinhai also received a $435 million order for five 11,500 TEU ships from HNA-affiliated SinOceanic in August. Currently Jinhai has another 13 containership orders in hand made up of ten 8,800-TEUers and three 2,500 TEUers.

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