Overview

ICBC Financial Leasing loans $200 million to Peter Döhle for acquisition of ten ships

Commitments (Constant USD, 2023)$212,825,276

Commitment Year•2017Country of Activity•GermanyDirect Recipient Country of Incorporation•GermanySector•Transport And StorageFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jun 1, 2017

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned companies

ICBC Financial Leasing Co., Ltd. (ICBCFL) (ICBC Leasing)

Receiving agencies

Private Sector

Peter Döhle Schiffahrts-KG

Loan description

ICBC Financial Leasing loans $200 million to Peter Döhle for acquisition of ten ships

Interest type•Unknown

Narrative

Full Description

Project narrative

On June 1, 2017, the Industrial and Commercial Bank of China (ICBC) Financial Leasing Co. signed a $200 million loan to Peter Döhle — a German shipping company — for the acquisition of ten containerships and bulkers from Yangzijiang Shipbuilding and Jiangsu Hantong Ship Heavy Industry. Peter Döhle ordered five 38,800dwt bulkers at Jiangsu Hantong in 2013 and five containerships at Jiangsu New Yangzijiang Shipbuilding in 2014 and 2015, and the ships were under construction as of June 2017.