Impacts of the recent financial crisis on ship financing in Hong Kong: A research note

Stephen X. Gong, Hengqing Ye, Yvonne Yiyi Zeng

Research output: Journal article publicationJournal articleAcademic researchpeer-review

7 Citations (Scopus)

Abstract

This note presents an initial assessment of the impacts of the recent financial crisis which peaked in late 2008 on banks' ship financing practices. A survey of banks with a shipping division in Hong Kong suggests that banks reduced their lending to shipping after the financial crisis. Banks also tend to emphasise loan quality and security over market share. Overall, the evidence indicates a lower appetite for risk-taking and more stringent requirements for collaterals and guarantees on the part of banks. Based on the findings, several future research issues in ship financing are highlighted.
Original languageEnglish
Pages (from-to)1-9
Number of pages9
JournalMaritime Policy and Management
Volume40
Issue number1
DOIs
Publication statusPublished - 1 Jan 2013

ASJC Scopus subject areas

  • Geography, Planning and Development
  • Transportation
  • Ocean Engineering
  • Management, Monitoring, Policy and Law

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