2020-07-25
Recently, Petrofin Bank Research of Greece released its latest annual report. In 2018, the shipping business of the top 40 shipping investment banks shrank by 13%, falling to nearly US$301 billion, the lowest level since the 2008 global financial crisis.
In 2018, the financing volume of China Shipping Investment Bank also fell by 13%. According to Petrofin Bank Research, Bank of China, the world's largest shipping bank, dropped to fourth in 2018, and the bank's asset portfolio dropped by US$1.5 billion to US$16 billion. The top position on the list was given to China Exim, which increased by US$500 million in 2018 to US$17.5 billion. BNP Paribas followed closely behind with a portfolio of US$17.13 billion, up from US$16.8 billion the previous year.
Petrofin Bank Research expects that the shipping financing of leasing companies will further increase in the future. Banks such as Societe Generale and Piraeus Bank are already considering forming strategic alliances with Far East Leasing Company, and investment by private funds and family businesses will also grow further.
