CMBC extends US$631M credit line to Wison Offshore & Marine

Wison Offshore & Marine Ltd. has been granted a line of credit of over 4 billion RMB (US$631 million) by China Minsheng Bank (CMBC) to support its new order financing. This is part of the strategic agreement reached by Wison Group Holding Ltd., the parent company of Wison Offshore & Marine, and CMBC.

In recent years, WISON Offshore & Marine has dedicated resources to the development of its capabilities in floating LNG liquefaction and storage (FLNG) facilities, which are designed to be more fast-track and cost-efficient solutions to monetize and deliver gas to market compared to the land-based solutions. Currently, the world’s first operational FLNG facility is being delivered at Wison‘s yard in Nantong under an engineering, procurement, construction, installation, and commissioning (EPCIC) contract with EXMAR. 

Several days ago, Wison celebrated the keel-laying of EXMAR FSRU project, a barged-based floating LNG regasification unit, which is the first China-made FSRU undertaken by a Chinese company under an EPCIC contract.

 

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