China's Bank of Communications Financial Leasing (BoCom FL) has signed a strategic co-operation agreement with Germany's Hapag Lloyd to provide some $500m in financing.
But TradeWinds understands most of the strategic agreement is in the box already. One deal worth some $205m has already been closed and another worth $124.5m is set to close before the end of July
The overall agreement covering both newbuildings and sale-and-leaseback deals for existing ships, was signed at the end of June in Hamburg, before the G-20 Summit.
