Chinese lessors to see 15% drop in ship lending this year
Total drawdown of ship leasing houses in China is expected to come in at $13.5bn for 2020, compared with $15.8bn in 2019. The decline signals a halt to a decade’s fast expansion of the number of lessors in the global ship finance arena
The slowdown underlines stricter risk control measures taken by Chinese leasing houses amid economic and geopolitical uncertainties. The coronavirus backdrop and China’s dual-circulation policy might drive the lessors to develop closer ties with domestic shipowners and charterers