• BIST 94.082
  • Altın 189,916
  • Dolar 4,7932
  • Euro 5,6125
  • İstanbul 26 °C
  • Ankara 25 °C

Loan for foreign owners

Loan for foreign owners
Amid the severe ship ordering downturn state-run Bank of China has started to lend to foreign owners with orders in China for the first time.

Amid the severe ship ordering downturn state-run Bank of China has started to lend to foreign owners with orders in China for the first time.

Amid the severe ship ordering downturn state-run Bank of China has started to lend to foreign owners with orders in China for the first time. The bank has extended a $149m credit line to Germany"s Schulte Group to help pay for nine chemical tankers ordered in 2007 at Jiangzhou Union Shipbuilding in Jiangxi province.

The bank has been doling out cash to both Chinese yards and owners this year as part of the Beijing sanctioned stimulus package.

Other Chinese banks have been quicker to step in and help foreign owners. For instance, this August state run Exim Bank splashed $398m in credit to New York-listed Overseas Shipholding Group, to help fund the construction of three VLCCs and two aframaxes at China"s New Times Shipbuilding.

www.TurkishMaritime.com.tr

This news is a total 2104 time has been read
  • Comments 0
    UYARI: Küfür, hakaret, rencide edici cümleler veya imalar, inançlara saldırı içeren, imla kuralları ile yazılmamış,
    Türkçe karakter kullanılmayan ve büyük harflerle yazılmış yorumlar onaylanmamaktadır.
    Bu habere henüz yorum eklenmemiştir.
Other News
  • Havyard buyer bails11 March 2016 Friday 12:46
  • Havyard buyer nails10 March 2016 Thursday 15:02
  • Rolls-royce to supply LNG propulsion for fish food carrier09 March 2016 Wednesday 14:41
  • Step taken to build skilled workforce in shipbuilding19 January 2016 Tuesday 10:26
  • Canadian Shipyards May Lose Out on Navy Orders19 January 2016 Tuesday 10:21
  • Saga Cruises Confirms Cruise Ship Order at Meyer13 January 2016 Wednesday 10:22
  • Two more Sanmar tugs for Svitzer12 January 2016 Tuesday 11:14
  • ‘Living Stone’ keel laid12 January 2016 Tuesday 09:16
  • China builds second 'monster' ship11 January 2016 Monday 12:11
  • December defense contracts bring bounty to Ingalls Shipbuilding05 January 2016 Tuesday 11:37
  • All Rights Reserved © 2006 TURKISH MARITIME | İzinsiz ve kaynak gösterilmeden yayınlanamaz.
    Phone : 0090 212 293 75 48 | Fax : 0090 212 293 75 49 |