Coscocs agrees $18bn funding package with Chexim

Skip to:

Newly formed Chinese shipping conglomerate China Cosco Shipping Corporation (Coscocs) – formed in May via the merger of China COSCO Holdings Company, China Shipping Development Co, China Shipping Container Lines Co and COSCO Pacific – has signed a strategic cooperation agreement with Chexim for up to $18 billion of financing.

The agreement covers funding to support the group’s merger and acquisition costs, overseas investment and fleet optimisation. Coscocs intends to placed orders for more than 50 new vessels with Chinese shipyards.

Related analytics

Transaction Name Stage Est. Value
Marubeni & Pertamina & Sojitz/$2 billion/1017 Pre-financing 2000.00
BW Gas/$192 million/1017 Financial close 192.00
Thai Solar Energy/THB2.25 billion/0817 Financial close 67.61
Lilyvale Solar Farm/AUD179.4 million/0917 Financial close 143.96
PARF Coopers Gap FinCo/AUD574 million/0817 Financial close 455.94
No data available
More transactions

Trade Finance on Twitter