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Green transition enables comeback for European shipping banks

Chinese leasing houses are virtually out of the picture when European shipping companies are looking for green ship financing.
"If you as a shipping company want to make a loan that is in some way linked to a green transition goal […], European banks are significantly further along in structuring loans that are linked to a sustainability goal than, for example, Chinese leasing companies are," says Michael Frisch, CCO of Danish Ship Finance. | Photo: Pr/mærsk
"If you as a shipping company want to make a loan that is in some way linked to a green transition goal […], European banks are significantly further along in structuring loans that are linked to a sustainability goal than, for example, Chinese leasing companies are," says Michael Frisch, CCO of Danish Ship Finance. | Photo: Pr/mærsk
by JENS THOMSEN

The 2008 financial crisis opened the floodgates for cheap Chinese ship financing as many European banks pulled out of shipping, but the green transition is now opening the door for a European comeback.

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