Idan Ofer breaks new ground with ‘first-ever’ RMB newbuilding order for international shipowner

Deal represents a win-win for shipowner, shipyard, charterer and lenders

Shipowner Idan Ofer has opted to use Chinese currency for the settlements for his six ULEC newbuildings that are on order at Jiangnan Shipyard.
Shipowner Idan Ofer has opted to use Chinese currency for the settlements for his six ULEC newbuildings that are on order at Jiangnan Shipyard.Photo: Eastern Pacific Shipping