China’s Top Ship Leasing Hub Hits 1,000-Vessel Milestone With $1.8B LNG Deal
China’s leading ship financing center, the Dongjiang Free Trade Port Zone (DFTP) in Tianjin, has marked a major milestone with the leasing of its 1,000th vessel—a floating liquefied natural gas (LNG) facility valued at nearly $1.8 billion.
According to a report by Xinhua News, a signing ceremony was held Wednesday to commemorate the landmark deal. The vessel, built in Singapore, includes $1.2 billion in leasing-based financing, making it the largest cross-border syndicated leasing project on the Chinese mainland to date in both financing scale and participation.
Shi Jinfeng, an official with the DFTP, described the milestone as a breakthrough for China’s offshore ship leasing sector and a testament to the zone’s growing influence in global maritime finance.
The Dongjiang zone now accounts for more than 90% of China’s mainland cross-border leasing activity related to ships and offshore engineering equipment, positioning it as a dominant force in the international ship financing landscape.
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