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

According to the agreement, China Minsheng Bank will extend Wison Group a credit line of RMB billion, which not only marks a new phase of both parties’ long-term cooperation, but also portrays a clear vote of confidence of CMBC in Wison Offshore & Marine’s future business development.

In recent years, WISON Offshore & Marine has dedicated a high level of resources to the development of its capabilities in floating LNG liquefaction and storage (FLNG) facilities, which are expected to be more fast-track and cost-efficient solutions to monetize and deliver gas to market compared to the land-based solutions.

Tags: Wison Offshore & Marine Ltd.