More than 130 senior decision makers from the Chinese banking and leasing sectors used the first ever Schulte Group Shipping Day in Shanghai to learn about the shipping industry, the services of the Schulte Group and to hear of new solutions for distressed assets in the portfolios of financial institutions and shipyards.
The event, which was held as part of the recent Marintec Conference in Shanghai, included special guests Ms. Liu Ya from the Export-Import Bank of China and Mr. Li Zhizhan from the China Export & Credit Insurance Corporation. Participants in the panel discussion comprised Mr. Wu Hongliang (The Export-Import Bank of China); Mr. Fan Enhui (Bank of China); Mr. Yang Changkun (ICBC Financial Leasing Co., Ltd.); and Mr. Fang Xiuzhi (Bank of Communications Financial Leasing Co., Ltd.).
Bernhard Schulte’s Corporate Counsel, Dr. Max Asschenfeldt, presented an overview of lessons learnt from the German KG shipping crisis and explained how the Schulte Group’s experience in warehousing solutions for distressed assets can add value to lenders.
Bernhard Schulte Shipmanagement’s (BSM) Group Marketing and Business Development Director, Robin Thuillier; Schulte Marine Concept Managing Director, Krzysztof Kozdron; and BSM Hong Kong Managing Director, Firoze Mirza outlined the advantages of integrated newbuild consultancy, supervision and full ship management in safeguarding and adding value to ship assets.
In the subsequent presentation, Dr. Klaus Dimigen from shipping law firm Ehlermann Rindfleisch Gadow (ERG), showed the risks for lessors where counterparties face distress situations.
The afternoon was concluded by a panel discussion moderated by Dr. Stefan Rindfleisch (ERG). The participants raised concerns about the current state of the industry and the shipping order books. They stressed they are not necessarily restricting their lending and leasing volume, but taking an ever closer look at their partners. All of them shared the view that Bernhard Schulte is a top tier partner for banks and leasing companies due to the Group’s transparency, commitment to quality and market-leading software applications, which provide clients with real time access to vessel operation and financial information.