Industrial and Commercial Bank of China Financial Leasing Co., Ltd. (ICBC Leasing) has successfully executed a cross-border RMB leasing agreement for a 306,000-ton methanol dual-fuel intelligent very large crude carrier (VLCC) with China Merchants Energy Shipping through a management project company established in the Hainan Free Trade Port. This transaction marks the world's first cross-border RMB leasing business for a methanol-powered smart VLCC.
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