China Merchant Energy Shipping (CMES) announced yesterday that it will use RMB990m of raised funds and RMB330m of its own funds to buy financial products from ING Bank’s Shanghai branch. The period of the investment is one year and the estimated annual rate of return is 4.3%-4.6%. Last month, CMES invested RMB1.3bn in financial products of Bank Of Tokyo Mitsubishi UFJ.
Currently CMES is in the process of fleet expansion and it has already placed orders at DSIC and Waigaoqiao for up to six VLCCs last month.
Source: Sino Ship News
News Content
CMES invests RMB1.32bn in financial products
Latest News
- For the first time, tianjin Port realized the whole process of dock operati...
- From January to August, piracy incidents in Asia increased by 38%!The situa...
- Quasi-conference TSA closes as role redundant in mega merger world
- Singapore says TPP, born again as CPTPP, is now headed for adoption
- Antwerp posts 5th record year with boxes up 4.3pc to 10 million TEU
- Savannah lifts record 4 million TEU in '17 as it deepens port
