Chinese lessors see 7% drop in ship lending last year
Total drawdown of ship leasing houses in China came in at $14.7bn in 2020, compared with $15.8bn a year ago, data shows. The decline stands in sharp contrast with a 26% increase seen in 2019
Despite headwinds, Chinese leasing lenders have managed to grow their total vessel portfolio by more than 11% and are expected to keep expanding their market share in ship finance, according Smarine Advisors
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