On August 10, DSIC Shipping Co. has officially signed the blanket insurance cooperation agreement with China Export & Credit Insurance Corporation (SINOSURE) Liaoning Branch, based on which, SINOSURE Liaoning Branch shall furnish our Shipping Co. with the insurance support and financing facility in the ship repair and conversion, and offshore engineering module construction and export, etc. SINOSURE Liaoning Branch GM Liu Yanxiang and DSIC Shipping Co. GM Sun Delin have signed the agreement on behalf of the two parties, where DSIC leaders Liu Zheng and Yin Xuelin have attended the signing ceremony.

Since the global financial crisis, as the sole domestic policy-type export credit insurance agency in China, SINOSURE has furnished with positive support in the export financing for complete sets of large equipment, such as ships. As Liaoning is one of the major export provinces in China, SINOSURE Liaoning Branch has always devoted itself to promoting the development of Liaoning Ship Industry and supporting the export from Liaoning ship enterprises, which not only boosts the confidence and ordering capability of export enterprises, but also plays an important role in stabilizing the foreign trade, promoting the growth and ensuring the employment.

SINOSURE Liaoning Branch has had cooperation with DSIC for years, early in 2010, both parties signed the overall strategic cooperation agreement. Over the past years, SINOSURE has given DSIC plenty of supports, especially positive help in the development of our offshore engineering company. In recent years, when the understanding and cooperation between the two parties goes deep and deeper, their friendship has become increasingly strong. The signing of such cooperation agreement indicates that the cooperation between SINOSURE and DSIC has reached a new stage.

DSIC Shipping Co. is now under the take-off stage to realize its great ambition, which has just set the core businesses including FPSO construction and conversions of various types of ships as its development direction at the BOD meeting convened in this 1st half year. At such a historic moment, DSIC Shipping Co. has reaped the support from SINOSURE gladly, which has not only mitigated its operating risk greatly, but also furnished it with a positive support in enhancing its market competitiveness and going through the industrial hardship.