China Minsheng Bank (CMBC) has granted more than CNY4bn ($630m) of credit to Wison Offshore & Marine to support the company’s new order financing.

The latest development is part of an agreement signed by Wison Offshore & Marine’s parent company Wison Group and CMBC.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Under the agreement, CMBCC will extend a credit line of CNY5bn ($788m) to Wison Group.

"The strong financial support from CMBC also enables us to develop our strategy of becoming a global leader in large-scale modules fabrication."

Wison Offshore & Marine CEO Cui Ying said: "Our partnership with CMBC will enhance our financial capabilities and reinforce our investment in expanding our strategic and innovative product portfolios, such as FLNG and Buoyant Tower.

"The strong financial support from CMBC also enables us to develop our strategy of becoming a global leader in large-scale modules fabrication to support the large EPC contractors through our world-class fabrication facilities in China."

See Also:

According to Wison, the company’s floating LNG liquefaction and storage (FLNG) facilities are expected to be fast-track and cost-efficient solutions to deliver gas to market.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Under an engineering, procurement, construction, installation and commissioning (EPCIC) contract with Exmar, currently an operational FLNG facility is being delivered at Wison’s yard located in Nantong.

In October, Wison celebrated the keel-laying of the Exmar FSRU project, a barged-based floating LNG regasification unit in Nantong, China.

The company agreed to provide engineering, procurement, construction, installation and commissioning (EPCIC) solution to the project.