Chinese state shipping giant CoscoCS has arranged loans worth CNY 180bn ($26bn) to support its development.
The cash is coming from China Development Bank and will take it through to 2021.
The shipowner said the financing will take the form of a variety of products.
It provided no specific examples for its use, but said the deal would serve the government’s One Belt, One Road strategy to connect ports worldwide, as well as efforts to carry out further reforms of its businesss.
CoscoCS
