Don’t Count on the Asian Banks Yet

In the 70’s and 80’s, US and UK banks were the prominent ship financiers, before European banks replaced them in the 90’s. But in the aftermath of the financial crisis, the lending capacity of many of these Western banks remains constrained and, since then, the shipping community has been abuzz with talk of Asian banks filling the funding gap. But how realistic are these market expectations? In this article, we define Asian banks to be Asia headquartered financial institutions that are driven by commercial interests, and export credit agencies are excluded in the discussion unless otherwise stated.

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