Asian Banks Are the Only Untapped Resource in
Ship Financing Sector
SINGAPORE, Dec. 6, 2011 /PRNewswire-Asia/ -- Khalid Moinuddin
Hashim, Managing Director, Precious Shipping Public explains that
shipping demand is essentially derived from world GDP numbers and,
of late, what has been going on in China. "If we look at the two
largest economies 每 the USA and the EU - we can see that things are
looking decidedly shaky there. If we look at China then we can see
that GDP numbers have slipped from 9.7% in Q1 to 9.5% in Q2 and now
to 9.1% in Q3 with a likely under 9% GDP number for the final
quarter for 2011," said Hashim, who will be speaking at the 5th
Annual Shipping Finance Asia Summit.
Read Khalid's impressive interview
here( http://www.shipping-finance.com/redForms.aspx?id=609126&sform_id=641304 )
(http://bit.ly/rx9m2L)
And Hashim believes that in the ship financing
sector Asian banks hold the key.
"But seriously, the only untapped resources would be
the local banks in Asia. None of them are exposed to the toxic
waste otherwise known as Sovereign Debt from any of the EU
countries. They would be in the best position to lend to Asian
ship-owners who would be able to get better deals from them than
from their traditional shipping bankers. But to do that you would
need a strong balance sheet, good risk management systems in place
and some sort of a relationship with them," he
said.
Email [email protected] for the complete list of
speakers and topics that will be covered at the 5th Annual Shipping
Finance Asia Summit.
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SOURCE: International Quality & Productivity
Center (IQPC)