Chinese mainland’s largest ship leasing center hits 1,000-vessel mark
Wire desk byline Sourced from Xinhua, Dawn, Arab News, Anadolu and Minute Mirror. Translated and abridged by the GSRRA Desk.
A signing ceremony was held Wednesday for the 1,000th vessel leased through the Dongjiang Free Trade Port Zone (DFTP) in the northern Chinese municipality of Tianjin.
As the Chinese mainland’s largest center for ship financing and leasing, the DFTP has now officially joined the world’s 1,000-vessel leasing club.
The landmark vessel is a floating liquefied natural gas facility built in Singapore, with a total investment of nearly 1.8 billion U.S. dollars, including approximately 1.2 billion U.S. dollars in leasing-based financing.
According to DFTP official Shi Jinfeng, the deal is another milestone in Dongjiang’s offshore ship leasing and the largest cross-border syndicated leasing project on the Chinese mainland to date, in terms of both financing scale and number of participants.
Specializing in the leasing industry, the DFTP handles over 90 percent of the mainland’s cross-border leasing of ships and offshore engineering equipment.
Reference Link:- https://english.news.cn/20250611/ad144558457a41a4b2390cd9544c0351/c.html
Zamir Ahmed Awan is the founder and Chair of the Global Silk Route Research Alliance, a think tank in Islamabad. He studied engineering at Shanghai University in the 1980s, and years later he went back to China as Pakistan's science counsellor in Beijing, from 2010 until 2016, working on science and higher education cooperation between the two countries.…
