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Asia Pacific International Containers

Higher interbank rate ramps up finance cost at Chinese state shipowners

Borrowings of major-listed shipping arms of Cosco Shipping and China Merchants have become more expensive, while one analyst expects the shipping industry to sustain more financial stress amid rising Libor.

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But strong state support can alleviate the strain of Chinese owners, while rising fuel costs may pose a real threat to shipping recovery

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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