Yangzijiang (sgx) signs Letter of Intent to build 8 container vessels

Yangzijiang Shipbuilding Holdings Ltd. said that a subsidiary has entered an agreement to build eight 10,000 TEU vessels for Germany-based Peter Dohle Schiffahrts-KG. China Development Bank can provide up to US$1 billion ($1.2 billion) of financing to Peter Dohle to purchase vessels from Yangzijiang, according to a statement today.
 ( China banks have a lot of FUNDS )