Jaccar Inks Gas Carrier Financing Deal with ICBC leasing

Maritime Activity Reports, Inc.

July 10, 2015

Signature of a Memorandum of Understanding between JACCAR Holdings

Signature of a Memorandum of Understanding between JACCAR Holdings

 JACCAR Holdings informed that  Mr. Li Keqiang – Prime Minister of the People’s Republic of China - during his recent state visit to France signed Memorandam of Understanding  with Mr. Manuel Valls, Prime Minister of France , for a 900 M$ financing of gas carriers with ICBC leasing.

Jacques de Chateauvieux, as Chairman and CEO of Cana Tera and JACCAR Holdings declared “we are extremely honored to benefit from the trust of ICBC Leasing for the second time following the BOURBON sale and bare boat charter for 10 years of 46 offshore vessels completed last year.

This will strengthen our ability to engineer and contract innovative vessels in China whilst benefitting from local financing as well”.

Jacques de Chateauvieux,Cana Tera JACCAR Holdings informed that the contemplated gas carriers will mainly be used for the transportation of ethane between the United States and Asia and be built in China.

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