Canadian tonnage provider Seaspan has inked the first Chinese yuan-denominated newbuilding contract, for six 13,600 teu LNG dual-fuelled ships at Hudong-Zhonghua Shipbuilding for delivery in 2028, a deal reportedly worth around CNY6.39bn ($900m).
Reportedly financed by ICBC Financial Leasing (the Industrial and Commercial Bank of China’s leasing unit), the yuan-denomination of the newbuilding contract is part of the Chinese government’s efforts to internationalise the currency in conjunction with the Belt and …
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