Views from Around the World

In this section, we hear from three very different, very important nations where the shipping markets are still developing their ties to the international financial markets. First is a speech from Chairman Gao of Hebei Ocean Shipping, which owns a steadily growing 40-ship fleet, 23 of which have been purchased since the beginning of 2004. This speech discusses the need that the rapidly developing shipping industry in China has for greater access to capital, both domestic and international. Chairman Gao calls on international financiers to reach out to the Chinese ship finance market and strengthen their presence, while he calls on Chinese shipowners to collectively build up their reputation and credibility to allow them to better utilize international financial opportunities.

Next is a speech from Turkish Minister of Transport and Communications Binali Yildirim, which was delivered at Marine Money’s wildly successful Turkish Ship Finance Forum. The comments emphasize the need for Turkish legislation that is more conducive to business from international ship financiers and acknowledge the need for a specialized bank to provide the type of financial services shipping- related companies in Turkey are generally lacking.

This is only an excerpt of Views from Around the World

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