Overview

Bank of China provides a $61 million USD loan to Bernhard Schulte GmbH for three ships

Commitments (Constant USD, 2023)$69,326,326

Commitment Year•2011Country 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: Jan 1, 2011

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 Commercial Banks

Bank of China (BOC)

Receiving agencies

Private Sector

Bernhard Schulte Shipmanagement

Implementing agencies

State-owned companies

Shanghai Jiangnan Changxing Heavy Industry Company Limited

Loan description

Bank of China provides a $61 million USD loan to Bernhard Schulte GmbH for three ships

Interest type•Unknown

Narrative

Full Description

Project narrative

In 2011, the Bank of China (BOC) provided a $61 million USD loan to German shipping company Bernhard Schulte GmbH for the acquisition of three 9,000 twenty-foot equivalent unit (TEU) ships to be built at the Shanghai Jiangnan Changxing Heavy Industry Shipyard.