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Vigorously Expanding Market through Internal and External Enhancement- Vessel finance leasing program of COSCO SHIPPING Development successfully launched
发布时间: 2021-08-16

  Orient Fleet International Co., Ltd., a subsidiary of COSCO SHIPPING Development, signed a sale and leaseback agreement with a Danish ship owner on a LNG vessel with a capacity of 180,000 cubic meters recently. Currently, the first batch of finance with over US$100 million on the program has been successfully invested. The vessel is one of the first LNG vessels equipped with SAVER Air, the air circulation system developed by Samsung Heavy Industries, in the world and is quite competitive in energy saving, environmental protection and other technologies.

  COSCO SHIPPING Development (Tianjin) Leasing Co., Limited, a subsidiary of COSCO SHIPPING Development, completed the advancing of loans with an amount of RMB100 million to the finance leasing program of Weihai Nanhai Port in the same period. The launch of the program is a specific measure of COSCO SHIPPING Development in actively implementing the strategy of “Planning on Management of Maritime Exploration”, advancing the upgrading of major transportation-related industries and serving real economies.

  The successful launch of the two key finance leasing programs marks a new progress of COSCO SHIPPING Development in exploring the external market for vessel leasing through its unique competitive advantages.

  COSCO SHIPPING Development is devoted to consistently optimizing the industry-finance integration business. With the focus on shipping and logistics industry chains, it boosts efforts in program development and investment, leverages resources and professional advantages in expanding the “one-stop” business model and practicing the mission of “Finance aids industry and development creates value” to advance the high-quality development of the shipping leasing platform.


 
 
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COSCO SHIPPING Development Co., Ltd. (the “Company” or “COSCO SHIPPING Development”), formerly known as China Shipping Container Lines Company Limited, is a subsidiary of China COSCO SHIPPING Corporation Limited (“China COSCO SHIPPING” or “COSCO SHIPPING”) specialized in supply-chain financial services. The Company was established in 1997, with head office in Shanghai, the People’s Republic of China (the “PRC”), and is listed both in Hong Kong and Shanghai. The registered capital of the Company is about RMB11.61billion.
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