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.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Maersk Tankers CEO sees no reason to merge tanker carriers

It has long been discussed, and the chief executive of a competitor points to Maersk Tankers as a driver in the tanker sector's consolidation race. However, Maersk Tankers CEO Christian M. Ingerslev does not see much sense in combining balance sheets, he tells ShippingWatch.

Further reading

Related articles

Latest news

See all jobs