BoCom Leasing Lands $150M Loan with NDB to Fund 3 LNG Vessels for Green Shipping

First-of-Its-Kind The New Development Bank BRICS Deal Boosts China’s LNG Fleet Construction

February 24, 2025 | Shanghai​，China’s ​Bank of Communications Financial Leasing Co., Ltd. (Bocomm Leasing)​ and the ​New Development Bank (NDB)​ have signed a ​RMB 1.069 billion ($150 million)​ loan agreement to finance the construction of ​three 174,000-cubic-meter LNG transportation vessels. This project represents a major step forward in decarbonizing global maritime trade and supports China’s "carbon neutrality" goals by 2060.

First Non-Sovereign Deal:​ The NDB’s RMB loan marks its ​first financial transaction with a Chinese non-bank institution​ to fund LNG vessel construction, expanding its role in green energy projects.

State-of-the-Art Ships:​ The three LNG carriers, built by ​Shanghai Hudong Heavy Industries (SHHI), will use ​low-pressure dual-fuel technology​ to reduce emissions by up to 30% compared to conventional fuels.

The partnership between BoCom Leasing (a green finance pioneer) and the NDB sets a precedent for future co-financing in renewable energy and sustainable infrastructure.

Scaling Up Green Shipping:​ The addition of three LNG vessels will enhance China’s LNG import and transport capacity, accelerating the global shift away from fossil fuels.

Economic Implications:​ The RMB 1.07 billion investment directly supports China’s shipbuilding industry, which accounts for ​40% of global LNG tanker orders​ in 2024.

Emerging Lenders’ Rise: The NDB’s involvement challenges traditional multilateral banks by prioritizing member nations’ climate agendas through innovative financing models.


"This collaboration reflects BoCom Leasing’s deep commitment to green leasing and aligns with the NDB’s mission to advance sustainable development across BRICS nations."
— ​Xu Bin, Chairman of BoCom Leasing

"The three LNG vessels will not only reduce emissions but also strengthen energy security for member countries."
— ​Vladimir Kazbekov, Deputy Governor of the NDB

China’s dominance in LNG tanker orders continues in 2025, with companies like SHHI securing over ​50 newbuilds. The NDB’s move signals a strategic shift toward financing low-carbon projects in emerging markets, rivaling established institutions.

by Xinde Marine News Chen Yang

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