Exim bank issues LNG credit
The Export-Import Bank of China, a wholly State-owned bank, said on Thursday it will lend $400 million for building four liquefied natural gas (LNG) carriers.
The bank said the four carriers, each with a shipment capacity of 174,000 cubic meters, belong to four companies, including CNOOC Energy Technology and Services, China LNG Shipping Limited, Teekay LNG Partners and BW's LNG investment arm.
Shanghai-based Hudong-Zhonghua Shipbuilding Co, a core enterprise under China State Shipbuilding Corporation, will build the carriers, the bank said.
