Shipping bank warns: Chinese ship financing poses risk to European shipping

State-backed Chinese banks finance most of Europe's large freighter newbuilds. The loans are cheap but ultimately politically controlled and could land European shipping in hot water in the long term, warns German shipping bank Berenberg. Chinese ship financing is necessary, says Schulte Group.

Photo: PR / Port of Hamburg

Chinese ship financing plays an ever bigger role in European shipping, and this can create problems if Europe comes under political pressure from the US to pick a side, says German shipping Bank Berenberg.

The bank notes that Europe's growing dependency on Chinese financing thus represents a strategic risk.

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