Grand China seeks bank leasing deal
03/09/2010 Link: http://www.tradewinds.no/tw_catchall/article566123.ece
An ambitious dry-bulk player denies it is facing a cash crisis, saying ‘it’s only natural’ for it to seek bank support. Cracks have begun to appear in shipping’s boldest masterplan as Grand China Logistics (GCL) has turned to a bank for up to $1.2bn and scaled back
