Shipping Firm Pays $8 Billion in Chinese Yuan, Ditch US Dollar
A billionaire businessman from Israel, Idan Ofer has inked a major deal with the Chinese shipbuilding firm Jiangnan Shipyard. The Eastern Pacific Shipping, a firm owned by Ofer. which is headquartered in Singapore made a landmark agreement with China’s Jiangnan Shipyard for six ultra-large ethane carriers. Eastern Pacific Shipping has ordered 150,000 cubic meter (CMB)…