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Ecsa urges EU to pay attention to spike in sale and leaseback deals with China

European Union shipping directly contributed $58.5bn to the bloc’s gross domestic product and employed 685,000 people in 2018. The EU still accounts for a crucial segment of global shipping. But the European Community Shipowners' Associations worries about that slipping away towards China

The EU still controls just below 40% of the global fleet but sale and leaseback deals means ownership is increasingly shifting to China

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