Greater China

Nigel Anton on China

 

Hong Kong: Today’s lead on sister site Maritime CEO is an interview with Standard Chartered’s global head of shipping finance, Nigel Anton, who has plenty to say on China.
 
Anton maintains StanChart is in a strong position in the People’s Republic.
 
“In China,” he told Maritime CEO, “we have done RMB and Chinese flag transactions and we have done business with shipping companies beyond the likes of Cosco and China Shipping.”
 
Getting involved with Chinese banks, however, Anton stressed: “It still has to be about China.”
 
While banks in the West have exited ship finance, Anton praised the world’s most populous nation for helping out at a perilous time for the global shipping orderbook. “China has filled a big gap in finance,” Anton says.
 
However, throwing an air of caution to the headlong rush into offshore support vessels (OSVs), Anton warned: “China is now building OSVs, which could have an impact on prices.”
 
For the full interview click HERE. [02/05/13]

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