Hey there, shipping enthusiasts! 🚢 Big news from the Chinese mainland as the Dongjiang Free Trade Port Zone (DFTP) in Tianjin celebrates a major milestone—reaching 1,000 leased vessels.
A signing ceremony on Wednesday marked the lease of a landmark vessel: a floating liquefied natural gas facility built in Singapore. With a total investment of nearly $1.8 billion and about $1.2 billion coming from leasing-based financing, this deal stands as the largest cross-border syndicated leasing project in the Chinese mainland to date.
According to DFTP official Shi Jinfeng, this achievement is a game changer in offshore ship leasing. DFTP now handles over 90% of the Chinese mainland's cross-border leasing for ships and offshore engineering equipment, making it a powerhouse in the maritime finance world.
This isn’t just a win for traditional shipping—it’s a signal of how innovative finance and technology are transforming industries. For tech-savvy young professionals and entrepreneurs across South and Southeast Asia, this milestone is proof that even time-tested sectors are evolving, opening up fresh opportunities for growth and innovation. Stay tuned for more waves of change!
Reference(s):
Chinese mainland's largest ship leasing center hits 1,000-vessel mark
cgtn.com
