Chinese lessors opening up in pursuit of profit

Pressure for profit rather than scale is changing the activity of Chinese leasing houses, a leading player says.

This is opening the door for a larger number of shipowners and also driving independent shipowning moves, according to at CMB Leasing executive.

Friday Wang, head of the Greek and UK shipping team at CMB Leasing, told Marine Money in London: “From our perspective in the future leasing houses will face more challenges.