COSCO shipping awarded first full-container industry chain transformation finance project

Chamber of Shipping > Blog > News > International > COSCO shipping awarded first full-container industry chain transformation finance project

COSCO SHIPPING Development and Standard Chartered Bank (China) Limited have forged a framework agreement set to revolutionize the container industry chain and sustainable finance with a pledged credit line of CN¥3 billion (US$400 million). This collaboration is anticipated to intensify information sharing between the two entities on local, regional, and global levels. It will also deepen their joint endeavours in transition financing, liquidity management, and risk mitigation while advancing green and sustainable development initiatives. The initiative heralded as the world’s inaugural financial project dedicated to transforming the entire container industry chain, aims to identify pathways for green and low-carbon transformation within the sector. Through scrutinizing various aspects of container manufacturing, leasing, and other operational segments, the project endeavours to integrate a “transformation finance” approach.

Related Posts