Overview

China Eximbank provides $150 million buyer’s credit loan for acquisition of Chinese shipping cargo containers to Mediterranean Shipping Company in 2004

Commitments (Constant USD, 2023)$315,560,445

Commitment Year•2004Country of Activity•SwitzerlandDirect Recipient Country of Incorporation•SwitzerlandSector•Transport And StorageFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Apr 11, 2004

Geospatial footprint

Map overview

Visualizes the AidData-provided feature geometry for this project.

Loading map…

The project was a credit loan agreement to Mediterranean Shipping Company (MSC), headquartered at Chem. Rieu 12, 1208 Genève, Switzerland. More detailed locational information can be found at: https://www.openstreetmap.org/way/182090240

Stakeholders

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

Funding agencies

State-owned Policy Banks

Export-Import Bank of China (China Eximbank)

Receiving agencies

Private Sector

Mediterranean Shipping Company Group S.A. (MSC)

Loan desecription

China Eximbank provides $150 million buyer’s credit loan for acquisition of Chinese shipping cargo containers to Mediterranean Shipping Company in 2004

Interest type•Unknown

Narrative

Full Description

Project narrative

On April 11, 2004, the Export-Import Bank of China entered into a $150 million export buyer's credit loan agreement with Mediterranean Shipping Company S.A. (MSC) — world's largest international shipping company founded by Italian billionaire Gianluigi Aponte and legally incorporated in Switzerland — to buy shipping cargo containers from China.

Staff comments

1. Mediterranean Shipping Company is a privately owned and global provider of shipping and logistics solutions that is headquartered in Switzerland. With their fleet of more than 500 container vessels and a capacity of approximately 3 million TEU, MSC facilitates international trade between the world’s major economies and emerging markets. The company stops at 500 ports on 200 trade routes around the world and delivers dry cargo as well as reefer cargo. MSC also offers intermodal transportation services that include door to door, factory to consumer, and a combination of transport solutions to fulfill their delivery obligations. MSC’s services include overland transportation logistics, and the company has a growing portfolio of port terminal investments.