First marine platform delivery for ICBC Leasing

ICBC Leasing Co Ltd, the leasing arm of the Industrial and Commercial Bank of China, has delivered a semi-submersible drilling platform to China Oilfield Services Ltd to undertake oil and gas exploration operations in the South China Sea — the first marine platform to be delivered by a Chinese financial leasing company.

Cong Lin, president of ICBC Leasing Co Ltd, which owns global assets worth more than 130 billion yuan ($20.9 billion), said the business expected more such marine platform equipment leasing business in future, to support China’s marine economic development.