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European banks unfazed by entrance of Chinese rivals
Western banks content to consolidate national portfolios during financial downturn
Craig Eason - Monday 8 February 2010
THE launch of Chinese banks into ship finance is being seen by some as a clear indicator of the power shift eastwards of shipping dominance. But the leading Scandinavian banks are not worried. Rather, they appear to welcome a new player entering a market that is rich with very attractive deals.
“Many of the global shipping banks — ther...
