Chinese leasing firms are turning into big players in shipping as more shipowners look to leasing vessels over owning them, says a financier for ICBC.
Ship leasing has gained in popularity because it allows shipowners to remove vessels off their balance sheet through a sale-and-leaseback deal, said Bill Guo, ICBC Leasing's executive director of shipping.
"I think the leasing structure is more flexible compared with the bank structures," he said during a Capital Link interview.
