On June 23, the Ningbo Port and Shipping Management Center signed a strategic cooperation agreement with the Ningbo Branch of China CITIC Bank, jointly launching a specialized shipping financial product called “Yonghang Xinrong.” In the future, Ningbo shipping companies with good credit can obtain loans of up to 400 million yuan.
According to the product plan, shipping companies’ credit ratings are divided into five tiers from AA to D, with loan amounts decreasing progressively by credit level: AA-rated companies can borrow up to 400 million yuan per vessel, enjoying a green approval channel and preferential interest rates; A-rated companies can borrow up to 200 million yuan, B-rated up to 100 million yuan, C-rated up to 30 million yuan, and D-rated companies are not eligible for credit.
The product precisely covers scenarios such as shipowners purchasing vessels and daily operations. Whether a shipowner needs to buy a second-hand vessel aged 15 years or less, order a new ship, or obtain working capital for daily operations, they can apply for a special loan. Among these, the maximum term for a single fixed-asset loan is 10 years, and the maximum term for comprehensive operational credit is 3 years.
On the day of the event, in addition to the launch of the new product, the two parties also signed a five-year strategic cooperation agreement. According to the agreement, the two parties will establish a “government-bank information sharing and risk co-governance system,” meaning the port and shipping management department will regularly push corporate credit information to the bank, and the bank will precisely match financing needs based on this information.
The agreement clearly defines the boundaries of government functions. The main responsible person of the Ningbo Port and Shipping Management Center emphasized: “As an industry management department, we do not provide financing guarantees or assume credit default risks. The government is responsible for building the platform and providing information services, allowing the market to play a decisive role in resource allocation.”
