Iranian Ship Linked to Houthi Attacks Heads Home Amid Tensions
(Bloomberg) — An Iranian ship that’s been linked to Houthi attacks in the Red Sea is returning home, removing a prominent asset in the area as the Islamic Republic braces...
The deal will increase chances that German shipping firms will purchase more China-made ships, Xinhua reported the EximBank as saying late on Friday.
A prolonged slump in shipping and pressure to shrink bloated loan books have forced many European banks to abandon or scale down lending to the sector.
The EximBank loan deal was signed during Chinese President Xi Jinping’s state visit to Germany on Friday. (Reporting by Paul Carsten; Editing by Richard Borsuk)
(c) 2014 Thomson Reuters, All Rights Reserved
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