By Rujun Shen SINGAPORE, May 29 (Reuters) - Chinese banks have sharply increased loans to global shipowners as European lenders retreat from the market but some are driving a hard bargain: the finance often comes with the condition that vessels be built in China. The financing has given China's shipyards a lifeline after new orders dropped to a seven-year low in 2012. The government wants Chinese yards to move up the value chain by building higher-quality ...
To access this content simply register below now.
Registering is easy and allows you to:
- Access all WardsAuto.com public content and newswire stories
- Participate in forums
- Comment on articles
- Sign up for e-newsletters
- And much more!