More NewsStandard Chartered Launches Operating Lease Solutions for Shipping Clients

Standard Chartered Launches Operating Lease Solutions for Shipping Clients

Standard Chartered has launched an operating leasing platform for shipping clients in Asia, Africa and the Middle East. The bank will work closely with its key clients, including global container lines and shipping companies, as well as commodity traders and end-users, to help finance their fleet growth and renewal plans.

The bank says that this launch is testament to its longstanding commitment to shipping clients and its continued drive to develop client-focused offerings.

As well as providing advance ratios and flexibility of structures, leases, typically lasting more than five years, the bank will also help clients lock in fixed rates over a longer term to mitigate the volatility in short term charter rates. Focusing on supporting major clients in the shipping industry, the bank will build a balanced portfolio of relatively new container vessels, dry bulk carriers, tankers and offshore supply and service vessels.

Sander Scheepens, a ship financing veteran in Asia, will lead the bank’s ship leasing team globally. He will be supported by a team of shipping bankers, with in-depth industry experience and expertise and a strong track record.

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