中国进出口银行和中国银行近日与巴西矿业巨头淡水河公司谷达成了12.3亿美元的融资协议，用于从中国造船厂订购12艘超大型矿砂船。该笔资金用于从中国熔盛造船厂订购12艘超大型矿砂船。这些超大型矿砂船每艘运力都达到400,000吨。
两家银行由金杜，诺顿•罗氏和巴西Machado Myer Senchez Opice律师事务所担任法律顾问。
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Export-Import Bank of China and Bank of China – Vale loan
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US$1.2bn | |
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| Synopsis Export-Import Bank of China and Bank of China extends US$1.2bn to Brazilian shipping company Vale | ||
| Firm | Client | Role |
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King & Wood |
Lenders
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PRC counsel |
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Norton Rose [Lead partner: Nigel Ward]
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Lenders | International counsel |
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Machado Meyer Sendacz Opice
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Lenders | Brazilian counsel |
Sino-Brazilian investment flows in the natural resources sector continue to expand, and the increased interest is now spilling over to the shipping industry. King & Wood, Norton Rose and Brazilian firm Machado Myer Senchez Opice have recently advised the Export-Import Bank of China and Bank of China on their combined US$1.2bn loan to Rio de Janeiro-based company Vale, the world’s largest producer of iron ore.
Vale intends to borrow US$1.2bn from the two Chinese lenders to finance the construction of 12 vessels. The Brazilian conglomerate commissioned Rongsheng Shipbuilding and Heavy Industries to build the vessels back in August 2008. The vessels, which will be owned by Vale Shipping Singapore, will be used to transport iron ore to China from Brazil. Each ship will be able to carry 400,000 deadweight tonnes of ore.
“We are currently seeing increased activity in the shipping sector and this loan agreement is an indication of the potential in the market,” said Nigel Ward, Beijing-based banking partner at Norton Rose.
China's direct investment in Brazil soared to a projected US$12bn this year and as commercial ties continue to flourish, shipping and finance lawyers in both regions can also expect more work to come from the logistics sector as well as the dominant resources sector. ALB
Brazilian firms in China
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Recent Sino-Brazilian deals
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