China invests USD 20 Bln into ship financing in 2017;

According to the Industrial & Commercial Bank of China, Chinese investments this year, are 33% more than the amount that Chinese banks invested in shipping in 2016 and is significantly higher than China’s financing of a few million USD in 2008. As European banks have scaled down their investments in shipping and this move could be considered as China’s ambition to become the world’s leading maritime player. Read More