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China Shipping inks $8bn debt deal with China Development Bank
China Shipping (Group) Company has signed an agreement with China Development Bank to borrow up to RMB50bn ($8bn) over the next five years.
China Shipping said the funds would provide sound financial support for the shipping conglomerate to continue with its business expansion.
The shipping group also believed that agreement would be mutually beneficial and raise the market competitiveness for both parties, China Shipping said on its website.
Source: Seatrade Global
China Shipping said the funds would provide sound financial support for the shipping conglomerate to continue with its business expansion.
The shipping group also believed that agreement would be mutually beneficial and raise the market competitiveness for both parties, China Shipping said on its website.
Source: Seatrade Global
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