Over the past few weeks, the sluggish lending and bond markets sprang to life as we begin to see more transactions happening in North Asia. In a deal that could possibly be the largest the world has seen this year, a Chinese bank is rumoured to be in the market financing over 50 Chinese built newbuildings for a Chinese shipping conglomerate. This transaction will certainly spark more discussion on the Chinese policy of supporting domestic shipyards, and its repercussions on the global shipping glut.
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Tags: · Daewoo Shipbuilding & Marine Engineering, Hyundai Heavy Industries, Samsung Heavy Industries, SK Shipping, Tong Yang Securities
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