Chinese lessors unknown in the western market will form part of the next wave in the market, Standard Chartered says.

Lessors such as ICBC Leasing, which has a $7bn shipping book spanning over 250 vessels, have played an increasingly important role in the industry of late.

Nigel Anton, head of ship finance at Standard Chartered, told a Marine Money conference in London today: “They will be here in force and now we are in the next phase of the Chinese leasing story where they are deleveraging.