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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.

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