China Exim Bank to Increase Shipping Loans to $14bn in 2013

(Ship & Bunker, 15 April 2013) The Export-Import Bank of China (China Exim Bank) is expecting to boost its loans to the shipping industry by $2 billion this year to a total of $14 billion, Chen Bin, the bank's deputy general manager, transport finance department, has told pan-Asia weekly Seatrade Asia Week.

The bank was said to have inked around $12 billion of deals last year, and Chen said they have a lot of deals currently under consideration.