China's ICBCL covets cargo-owner leases

摘要

For Chinese leasing giant ICBCL, funding cargo owners - as opposed to purely vessel interests - is a top priority, because these counterparties are considered to be safer partners. According to ICBCL executive director of shipping Bill Guo, focusing on cargo owners presents a 'win-win' situation for the company. Citing ICBCL's partnerships with Vale, he said the Brazilian mining giant benefited from low transportation costs and, in return, the leasing company gained from the lower risk of partnering with Vale.