societe-generale-bets-on-asian-lng-and-offshore-finance

Societe Generale bets on Asian LNG and offshore finance

Societe GeneraleÆs Mark Westley discusses the robust LNG and offshore shipping finance scene in Asia-Pacific.

In an unassuming Hong Kong conference room, open-collared Mark Westley sits down to discuss shipping. His recent appointment as managing director and head of Asia-Pacific shipping and asset-based finance at Societe Generale, is another sign that banks are now positive about the future of Asian shipping.

This is an about-face from the doom and gloom of a year ago. A sizeable percentage of global trade flows disappeared and, by some estimates, as much as $100 billion of trade financing dried up in the six months from October 2008. The decline was so bad that the Baltic Dry Index, the global benchmark for shipping demand, is still down more than 80% from its all-time high in...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222