CMA CGM and the Export-Import Bank of China (CEXIM) will sign a framework agreement on financing solutions for a total of up to USD 1 billion in the form of loans and/or export credit insurance. Those solutions would be available for the future vessels and containers the group may order in China. Those investments are essential to accompany the CMA CGM Group’s development strategy, the company said in its press release.
Historically, The CMA CGM Group has been ordering most of its containers to the Chinese group CIMC, and more recently started to place orders to Chinese shipyards for some of its containerships. Over 2015 second semester, the CMA CGM Group will take delivery from Chinese shipyards of three 18,000 TEUs vessels. Those will be the Group’s largest vessels and the largest to have ever been built by Chinese shipyards. They will be named after great explorers – including the CMA CGM Zheng He, named after China’s most famous explorer.