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Shipowners dig Japanese funding

A rising number of carriers are now turning to Japanese leasing companies to finance new vessels, writes Lloyd's List. The leasing companies can offer 100-percent financing with lower interest rates than banks.

Photo: PR-foto/CMA CGM

China was first in the game and now Japan is following suit as a source of financing for carriers. According to Lloyd's List, several carriers are setting their sights on Japanese leasing companies which offer 100-percent financing of ships at a lower interest rate than banks.

The Japanese Operating Leases with Call Option (JOLCO) are increasingly seeking deals with shipowners abroad as investors are struggling with negative interest rates at home.

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