In the context of the continuous spread of the COVID-19 pandemic and the severe and complex international economic and trade situation, China Eximbank has made full play of its role to support Chinese shipbuilding companies to resume production and maintain smooth operation through L/G services, together with its efforts of no withdrawing, no cutting off, nor withholding of its loans.

　　In order to help the shipbuilding industry move up the industrial chain featuring high technology and high value added, China Eximbank issued an advance payment guarantee for the export of two 98,000 cbm VLEC of Jiangnan Shipyard. It is the first VLEC building project in the domestic shipbuilding market with the largest size and the largest cargo capacity worldwide, and it reaches new heights in technical content and sets the record of construction difficulty by applying the type-B liquid cargo tank technology independently developed by Jiangnan Shipyard.?

　　In addition, faced with a sharp decline in international demand, China Eximbank promptly issued an advance payment guarantee for the export of LNG Carrier Project of Hudong-Zhonghua, so as to help the company maintain production and secure orders.

　　According to the latest ranking of the world’s major ship finance institutions released by Marine Money, China Eximbank ranked second in the world and first in China with a ship finance portfolio of USD17.8 billion. Going forward, China Eximbank will continue to deepen cooperation with shipbuilding companies in credit, trade finance, and other services. While providing both loans and a package of financial services to shipbuilding companies, it will also inject new impetus into the steady and healthy development of the shipbuilding industry by assisting in its structural adjustments and transformation and upgrading.