Ship Finance in China: Key Developments and Challenges
13 October 2011
Mayer Brown Brochure
China’s shipbuilding industry has developed rapidly over the past few years partly due to strong demand for newbuilding vessels from Chinese shipowners. China had set its sights on becoming the world’s biggest shipbuilder by 2009, and by 2010/2011 China will have contributed to a massive 150m dwt deliveries, doubling the 75m dwt delivered in 2006. This article will be of interest to banks and financial institutions who are attracted by this booming market. Set out below are certain key developments and associated issues and risks involved in structuring a ship finance transaction in China.