The Japan Bank for International Cooperation (JBIC) will provide buyer’s credit to finance eight 3,055-teu container ship newbuildings ordered by Taiwan’s Wan Hai Lines at Nihon Shipyard.

The funding has been provided to subsidiary Wan Hai Lines (Singapore).

Citi and Mizuho banks are acting as co-financiers in the deal with export insurance provided by Nippon Export & Investment Insurance.