Subscribe to RSS feedChina expands ship finance
SOME of the world’s most senior shipping figures have acknowledged the larger role Chinese banks will play in ship finance, in part to support the country’s shipbuilding industry, but also to shift more international freight on to locally-controlled vessels.
China is the third-largest trading nation after the US and Germany, controls the world’s fourth-largest fleet and is the second-largest shipbuilder, according to 2008 United Nations statistics. Chinese orders also comprise 37% of all newbuildings at shipyards globally.
Around 19%...
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