China Shipping signs loan agreements for new 9,600-TEU ships

China Shipping signs loan agreements for new 9,600-TEU ships    China Shipping Container Lines has signed loan agreements with French Industrial Bank and South Korea Export Insurance Corp. covering two 9,600-TEU containerships. The bank is lending $134 million in shipbuilding financing.
   The credit warranty of the loan is provided by South Korea Export Insurance.
   “The successful conclusion of the loan contract signifies that China Shipping Container Lines, South Korea Export Insurance Corp., French Industrial Bank have gone further in cooperation together, thus initiating new channels for the future shipbuilding financing of China Shipping Container Lines,” the Chinese shipping line said.