Australian Export Finance Bank Support Something to Consider

At a private seminar hosted by Marine Money, Seagos, Inc., Marsoft Capital and Nedship Bank in mid-May in Hong Kong, Graham Perry and Andrew Cooke from Australia’s Export Finance Insurance Corporation spoke to two dozen significant HK, Korean and PRC shipowners about shipbuilding financial aid available wither directly through the Australian government or via commercial banks utilizing credit guarantees.

The presentation was made against the uncertain backdrop of the OECD Treaty discussions currently taking place in Washington DC. While the Treaty’s fate may still be uncertain – the US Congress has effectively 14 more working days until July 4th’s Independence Day celebration in the US – the Australian program offers unqualified support to Australia’s shipbuilders – particularly those in the aluminum fast ferry business where Australia currently captures over 30% of the world market and a handful of Australian builders lead the world. The following is an abbreviated version of their presentation.

This is only an excerpt of Australian Export Finance Bank Support Something to Consider

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