Market sees higher ship refinancing amid conflicts between US and China

Market sees higher ship refinancing amid conflicts between US and China


Likely beneficiaries of the spat are shipowners that are neither Chinese nor American, such as Singapore-based players

[SINGAPORE] With the US levying fees on Chinese-related vessels and China retaliating with tit-for-tat port fees on US-affiliated ships, the shipping market is now experiencing a wave of refinancing activity.

Likely beneficiaries of the spat are shipowners that are neither Chinese nor American, such as Singapore-based players.

Ali Susanto, global head of corporate finance at the world’s largest privately owned ship broker SSY, told The Business Times that there is a flurry of refinancing going on in the market, triggered by port fees levied by the US and China on vessels linked to each other.



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Kim Browne

As an editor at VanityFair Fashion, I specialize in exploring Lifestyle success stories. My passion lies in delivering impactful content that resonates with readers and sparks meaningful conversations.

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