Ship leasing entity seeks exit

China Development Bank (CDB) has a ship leasing subsidiary that manages a fleet of over 200 vessels. The bank is looking at exit options

Major European banks ran into problems with ship loans about 14 - 16 years ago. One of the beneficiaries of the the European bank woes was Angeliki Frangou and her various Navios entities (NM, NNA, NMM were separate companies back then). She established two Joint Ventures that were involved in about 18 - 23 vessels. IIRC, Euroseas (ESEA) partnered with a smaller hedge fund, and did something similar with a few container vessels.

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