Korea EximBank to Provide $295 Mil. Shipping Finance to Chinese Leasing Company

SEOUL, July 7 (Korea Bizwire) – Korea EximBank said on July 4 that it would provide a shipping finance worth US$295 million to China’s Minsheng Financial Leasing that has signed a deal to purchase three 18,400-TEU containerships from Daewoo Shipbuilding & Marine Engineering. Of the loans that the Korean state-run bank provides, 50 percent will be guaranteed [...]