Overview

China Eximbank provides loan to Maersk for Maersk Container Procurement Project in 2020

Commitment Year•2020Country of Activity•DenmarkDirect Recipient Country of Incorporation•DenmarkSector•Transport And StorageFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2020

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

A.P. Møller – Mærsk A/S

Loan description

China Eximbank provides loan to Maersk for Maersk Container Procurement Project in 2020

Interest type•Unknown

Narrative

Full Description

Project narrative

In 2020, China Eximbank provided a loan to Maersk, the world’s largest and well-known container shipping company, to support its procurement of containers from China. Among the 98,000 exported containers that were manufactured in China in 2020, 20,450 were reefer containers that had advanced technology and higher costs than ordinary containers. The monetary value of the loan is unknown. Confirmation of disbursement of funds from this loan is also unavailable.

Staff comments

1. The Chinese project title is 丹麦马士基集团公司集装箱采购项目.