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Export Import Bank of China helps the shipping industry out of the shoal
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Export Import Bank of China helps the shipping industry out of the shoal

  • Categories:Industry dynamics
  • Author:
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  • Time of issue:2012-12-10 15:38
  • Views:0

(Summary description)Thepriceofnewshipsislower,andtheproportionofshipowners'prepaymentsislowerSincetheoutbreakoftheinternationalfinancialcrisis,theshippingmarkethasbeeninadownturn.Since2011,newphenomenahaveappearedintheinternationalshipmarket.Newordersforshipsaremainlyordersformarineengineeringequipment,largecontainershipsandliquefiednaturalgasships.However,China'sshipenterpriseslackoftechnicalandconstructionadvantagesinthesefields,andmanylargeordersareinthepocketsofSouthKorea,Singaporeandothercountries.Accordingtothedataoftheshipbuildingindustryassociation,fromJanuarytoOctober2012,China'sshipbuildingcompletionvolumewas46.67milliondwt,down15.5%year-on-year,ofwhich83.2%wasexportships;thenewordervolumewas16.42milliondwt,down44.8%year-on-year,ofwhich79.7%wasexportships.BytheendofOctober,thenumberofordersforhand-heldshipswas116.63milliondwt,down29.5%yearonyear,22.2%lowerthanthatattheendof2011,ofwhich83.5%wasforexportships.Inthissituation,whethertoprovidefinancingsupporttoshipownersisthekeyfactorforChineseshipenterprisestowinorders.Inthefaceoftheplightoftheshippingindustry,asapolicyfinancialinstitution,theExportImportBankofChinawillsupportthedevelopmentofChina'sshippingindustryandshippingindustryasitsbusinessfocus,andsupportdomesticshipyardstostrivefornewordersandsmoothdeliveryofships.Broadlyspeaking,shipfinancingreferstoallfinancialservicesrelatedtoshipproducts.Inthetraditionalsense,theshipfinancingbusinesslaunchedbytheExportImportBankofChinaincludestheseller'scredit,thebuyer'screditandtheadvancepaymentguaranteebusiness.Inrecentyears,onthebasisoftraditionalshipfinancingcreditbusiness,theExportImportBankofChinahassuccessivelycarriedoutshipbuyerfinancingbusinessalongtheriver,fixedassetinvestmentloanforshipexportenterprises,shipexportbaseloan,domesticoceangoingshipandoffshoreengineeringequipmentliquidityloan,shipimportcredit,non-financialenterprisedebtfinancinginstrumentunderwriting(bridgeloan),shipleasingNewcreditbusinesssuchasleasingfinancingloan,mergerandacquisitionloanofshipenterprises,supplychainlogisticsfinancing,andintermediarybusinesssuchasletterofguarantee,letterofcreditbusinessandinternationalanddomesticsettlementundershipimportandexport.Thesenewtypesofloanshaveplayedapositiveroleinexpandingthedemandfordomesticshippingcapacityandsupportingthefurtherdevelopmentofkeyshipyards.Amongthem,theExportImportBankofChinagivesfullplaytotheroleofthemainfinancingchanneloftheshipbuildingindustry,increasesthesupportforthebuyer'screditoftheshipexport,andhelpsthedomesticshipyardstowinnewshipbuildingordersthroughthemodeof"financingorderpulling".Atthesametime,theExportImportBankofChinaactivelyadjusteditscreditpolicy,guidedshipyardstoacceleratethepaceofindustrialrestructuringandimprovemarketcompetitivenessbysupportingthemtoundertakehigh-techandhighvalue-addedships.ItisunderstoodthattheExportImportBankofChinabrokethemonopolyofSouthKoreaonthesuperlargecontainershipsbyfinancingthesuperlargecontainershipsandliquefiednaturalgasships,andrealizedthebreakthroughofChineseshipenterprisesintheexportordersofliquefiednaturalgasships.Inviewofthephenomenonofshipownerabandonment,ontheonehand,theExportImportBankofChinahelpsdomesticleasingcompaniestopurchaseabandonedships,ontheotherhand,itactivelytriestosolvefinancingproblemsforsmallandmedium-sizedshipownersthroughthewayofprovidingstandbyleaseorrepurchaseguaranteebyshareholdersofshipyardsorshipyards,andhaswonmanyshipordersformanyenterprisessuchasPacificshipbuildinggroupandChinaaviationtechnologyimportandExportCo.,Ltd。Atthesametime,theExportImportBankofChinahasfullyopenedcooperationwithCOSCOGroup,ChinaShippingGroupandotherindustrygiants.TheExportImportBankofChinahassigneda60billionyuanbankenterprisestrategiccooperationagreementwithCOSCOGroupandCNOOCGrouprespectivelytohelpdomesticshippingenterprisesoutofdifficulties.Comparedwithcommercialbanks,theExportImportBankofChinaenjoystheadvantagesofinternationalcreditratingconsistentwithnationalsovereignty.Theshiploanissuedbythebankhasthecharacteristicsoflargescaleandlongterm.Atthesametime,afteryearsofdevelopment,thebankhastrainedanumberofprofessionalswhoarefamiliarwiththeinternationalshipownerandshipmarket,andformedaprofessionalfinancingteamcoveringshipbuyercredit,shipsellercredit,intermediatebusiness,projectreview,riskmanagement,industryresearchandstatisticalanalysis,whichisinaleadingpositioninthedomesticshipfinancingfield.InthewordsofLiangXiaolei,chairmanofPacificShipbuildingGroupCo.,Ltd.,"theExportImportBankofChinaisthewindvaneintheshipfinancingmarket,andtheirpromisingprojectswillgenerallybewidelyrecognizedintheindustry."

Export Import Bank of China helps the shipping industry out of the shoal

(Summary description)Thepriceofnewshipsislower,andtheproportionofshipowners'prepaymentsislowerSincetheoutbreakoftheinternationalfinancialcrisis,theshippingmarkethasbeeninadownturn.Since2011,newphenomenahaveappearedintheinternationalshipmarket.Newordersforshipsaremainlyordersformarineengineeringequipment,largecontainershipsandliquefiednaturalgasships.However,China'sshipenterpriseslackoftechnicalandconstructionadvantagesinthesefields,andmanylargeordersareinthepocketsofSouthKorea,Singaporeandothercountries.Accordingtothedataoftheshipbuildingindustryassociation,fromJanuarytoOctober2012,China'sshipbuildingcompletionvolumewas46.67milliondwt,down15.5%year-on-year,ofwhich83.2%wasexportships;thenewordervolumewas16.42milliondwt,down44.8%year-on-year,ofwhich79.7%wasexportships.BytheendofOctober,thenumberofordersforhand-heldshipswas116.63milliondwt,down29.5%yearonyear,22.2%lowerthanthatattheendof2011,ofwhich83.5%wasforexportships.Inthissituation,whethertoprovidefinancingsupporttoshipownersisthekeyfactorforChineseshipenterprisestowinorders.Inthefaceoftheplightoftheshippingindustry,asapolicyfinancialinstitution,theExportImportBankofChinawillsupportthedevelopmentofChina'sshippingindustryandshippingindustryasitsbusinessfocus,andsupportdomesticshipyardstostrivefornewordersandsmoothdeliveryofships.Broadlyspeaking,shipfinancingreferstoallfinancialservicesrelatedtoshipproducts.Inthetraditionalsense,theshipfinancingbusinesslaunchedbytheExportImportBankofChinaincludestheseller'scredit,thebuyer'screditandtheadvancepaymentguaranteebusiness.Inrecentyears,onthebasisoftraditionalshipfinancingcreditbusiness,theExportImportBankofChinahassuccessivelycarriedoutshipbuyerfinancingbusinessalongtheriver,fixedassetinvestmentloanforshipexportenterprises,shipexportbaseloan,domesticoceangoingshipandoffshoreengineeringequipmentliquidityloan,shipimportcredit,non-financialenterprisedebtfinancinginstrumentunderwriting(bridgeloan),shipleasingNewcreditbusinesssuchasleasingfinancingloan,mergerandacquisitionloanofshipenterprises,supplychainlogisticsfinancing,andintermediarybusinesssuchasletterofguarantee,letterofcreditbusinessandinternationalanddomesticsettlementundershipimportandexport.Thesenewtypesofloanshaveplayedapositiveroleinexpandingthedemandfordomesticshippingcapacityandsupportingthefurtherdevelopmentofkeyshipyards.Amongthem,theExportImportBankofChinagivesfullplaytotheroleofthemainfinancingchanneloftheshipbuildingindustry,increasesthesupportforthebuyer'screditoftheshipexport,andhelpsthedomesticshipyardstowinnewshipbuildingordersthroughthemodeof"financingorderpulling".Atthesametime,theExportImportBankofChinaactivelyadjusteditscreditpolicy,guidedshipyardstoacceleratethepaceofindustrialrestructuringandimprovemarketcompetitivenessbysupportingthemtoundertakehigh-techandhighvalue-addedships.ItisunderstoodthattheExportImportBankofChinabrokethemonopolyofSouthKoreaonthesuperlargecontainershipsbyfinancingthesuperlargecontainershipsandliquefiednaturalgasships,andrealizedthebreakthroughofChineseshipenterprisesintheexportordersofliquefiednaturalgasships.Inviewofthephenomenonofshipownerabandonment,ontheonehand,theExportImportBankofChinahelpsdomesticleasingcompaniestopurchaseabandonedships,ontheotherhand,itactivelytriestosolvefinancingproblemsforsmallandmedium-sizedshipownersthroughthewayofprovidingstandbyleaseorrepurchaseguaranteebyshareholdersofshipyardsorshipyards,andhaswonmanyshipordersformanyenterprisessuchasPacificshipbuildinggroupandChinaaviationtechnologyimportandExportCo.,Ltd。Atthesametime,theExportImportBankofChinahasfullyopenedcooperationwithCOSCOGroup,ChinaShippingGroupandotherindustrygiants.TheExportImportBankofChinahassigneda60billionyuanbankenterprisestrategiccooperationagreementwithCOSCOGroupandCNOOCGrouprespectivelytohelpdomesticshippingenterprisesoutofdifficulties.Comparedwithcommercialbanks,theExportImportBankofChinaenjoystheadvantagesofinternationalcreditratingconsistentwithnationalsovereignty.Theshiploanissuedbythebankhasthecharacteristicsoflargescaleandlongterm.Atthesametime,afteryearsofdevelopment,thebankhastrainedanumberofprofessionalswhoarefamiliarwiththeinternationalshipownerandshipmarket,andformedaprofessionalfinancingteamcoveringshipbuyercredit,shipsellercredit,intermediatebusiness,projectreview,riskmanagement,industryresearchandstatisticalanalysis,whichisinaleadingpositioninthedomesticshipfinancingfield.InthewordsofLiangXiaolei,chairmanofPacificShipbuildingGroupCo.,Ltd.,"theExportImportBankofChinaisthewindvaneintheshipfinancingmarket,andtheirpromisingprojectswillgenerallybewidelyrecognizedintheindustry."

  • Categories:Industry dynamics
  • Author:
  • Origin:
  • Time of issue:2012-12-10 15:38
  • Views:0
Information
The price of new ships is lower, and the proportion of shipowners' prepayments is lower Since the outbreak of the international financial crisis, the shipping market has been in a downturn.
Since 2011, new phenomena have appeared in the international ship market. New orders for ships are mainly orders for marine engineering equipment, large container ships and liquefied natural gas ships. However, China's ship enterprises lack of technical and construction advantages in these fields, and many large orders are in the pockets of South Korea, Singapore and other countries.
According to the data of the shipbuilding industry association, from January to October 2012, China's shipbuilding completion volume was 46.67 million dwt, down 15.5% year-on-year, of which 83.2% was export ships; the new order volume was 16.42 million dwt, down 44.8% year-on-year, of which 79.7% was export ships. By the end of October, the number of orders for hand-held ships was 116.63 million dwt, down 29.5% year on year, 22.2% lower than that at the end of 2011, of which 83.5% was for export ships.
In this situation, whether to provide financing support to shipowners is the key factor for Chinese ship enterprises to win orders.
In the face of the plight of the shipping industry, as a policy financial institution, the Export Import Bank of China will support the development of China's shipping industry and shipping industry as its business focus, and support domestic shipyards to strive for new orders and smooth delivery of ships.
Broadly speaking, ship financing refers to all financial services related to ship products. In the traditional sense, the ship financing business launched by the Export Import Bank of China includes the seller's credit, the buyer's credit and the advance payment guarantee business.
In recent years, on the basis of traditional ship financing credit business, the Export Import Bank of China has successively carried out ship buyer financing business along the river, fixed asset investment loan for ship export enterprises, ship export base loan, domestic ocean going ship and offshore engineering equipment liquidity loan, ship import credit, non-financial enterprise debt financing instrument underwriting (bridge loan), ship leasing New credit business such as leasing financing loan, merger and acquisition loan of ship enterprises, supply chain logistics financing, and intermediary business such as letter of guarantee, letter of credit business and international and domestic settlement under ship import and export. These new types of loans have played a positive role in expanding the demand for domestic shipping capacity and supporting the further development of key shipyards.
Among them, the Export Import Bank of China gives full play to the role of the main financing channel of the shipbuilding industry, increases the support for the buyer's credit of the ship export, and helps the domestic shipyards to win new shipbuilding orders through the mode of "financing order pulling". At the same time, the Export Import Bank of China actively adjusted its credit policy, guided shipyards to accelerate the pace of industrial restructuring and improve market competitiveness by supporting them to undertake high-tech and high value-added ships.
It is understood that the Export Import Bank of China broke the monopoly of South Korea on the super large container ships by financing the super large container ships and liquefied natural gas ships, and realized the breakthrough of Chinese ship enterprises in the export orders of liquefied natural gas ships.
In view of the phenomenon of ship owner abandonment, on the one hand, the Export Import Bank of China helps domestic leasing companies to purchase abandoned ships, on the other hand, it actively tries to solve financing problems for small and medium-sized ship owners through the way of providing standby lease or repurchase guarantee by shareholders of shipyards or shipyards, and has won many ship orders for many enterprises such as Pacific shipbuilding group and China aviation technology import and Export Co., Ltd 。
At the same time, the Export Import Bank of China has fully opened cooperation with COSCO Group, China Shipping Group and other industry giants. The Export Import Bank of China has signed a 60 billion yuan bank enterprise strategic cooperation agreement with COSCO Group and CNOOC Group respectively to help domestic shipping enterprises out of difficulties.
Compared with commercial banks, the Export Import Bank of China enjoys the advantages of international credit rating consistent with national sovereignty. The ship loan issued by the bank has the characteristics of large scale and long term. At the same time, after years of development, the bank has trained a number of professionals who are familiar with the international shipowner and ship market, and formed a professional financing team covering ship buyer credit, ship seller credit, intermediate business, project review, risk management, industry research and statistical analysis, which is in a leading position in the domestic ship financing field. In the words of Liang Xiaolei, chairman of Pacific Shipbuilding Group Co., Ltd., "the Export Import Bank of China is the wind vane in the ship financing market, and their promising projects will generally be widely recognized in the industry."

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