Overview

China Eximbank contributes to a syndicated loan to Graig Group for the acquisition of fuel-efficient container feeder ships

Commitment Year•2011Country of Activity•United KingdomDirect Recipient Country of Incorporation•United KingdomSector•Transport And StorageFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2011

Geospatial footprint

Map overview

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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 Policy Banks

Export-Import Bank of China (China Eximbank)

Receiving agencies

Private Sector

Graig Group

Implementing agencies

Private Sector

Jinhai Shipyard (Zhoushan) Co., Ltd.

Loan description

China Eximbank contributes to a syndicated loan to Graig Group for the acquisition of fuel-efficient container feeder ships in the United Kingdom in 2011

Interest type•Unknown

Narrative

Full Description

Project narrative

In 2011, the Export-Import Bank of China contributed to a syndicated loan, featuring an unspecified major European bank, to the Graig Group — a Scotland-based shipping and energy services company — to acquire fuel efficient container feeder ships to be built at Jinhai Shipyard. The size of this loan and the size of China Eximbank’s contribution to the loan are unknown.