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日本海事新聞ニュース Japan Maritime Daily Jan 24, 2022 (Mon)

‌【Interview】Mr. Kume, Director of ship finance of Hyakujushi Bank, the market risks to be taken with shipowners

Mr. Takashi Kume, Director of the Ship Finance Office, Loan Department, Hyakujushi Bank

　Hyakujushi Bank (Head office, Takamatsu City, Kagawa Prefecture) has steadily increased its loan ba ・・・続きはログインして下さいnext %E3%80%80%3Cb%3EHyakujushi+Bank%3C%2Fb%3E+%28Head+office%2C+Takamatsu+City%2C+Kagawa+Prefecture%29+has+steadily+increased+its+loan+balance+for+the+maritime-related+industry+with+the+establishment+of+the+%E2%80%9CShip+Finance+Office%E2%80%9C+in+the+Finance+Department.+We+asked+Takashi+Kume%2C+Director+of+the+Ship+Finance+Office%2C+about+the+current+situation+and+prospects+surrounding+ship+finance.+%28Interviewer+Satoshi+Yamada%29+%3Cbr%3E%E2%96%A0+Loan+balance+330+billion+yen+%3Cbr%3E%E3%80%80--In+April+2020%2C+the+%E2%80%9CShip+Finance+Office%E2%80%9C+was+set+up+in+the+Loan+Department.+What+is+the+aim%3F+%3Cbr%3E%E3%80%80%E2%80%9CThis+is+to+contribute+to+the+sustainable+development+of+the+maritime-related+industry%2C+which+is+one+of+the+key+industries+in+the+Setouchi+region.+The+shipping+industry+has+high+volatility.+Projects+are+also+becoming+more+complicated.+In+order+to+aim+for+further+development%2C+it+is+inevitable+to+take+risks+together+with+shipowners.+To+that+end%2C+it+was+necessary+to+establish+a+specialized+organization+to+improve+examination+capabilities+and+improve+risk+management.%E2%80%9C+%3Cbr%3E%E3%80%80--What+is+the+loan+balance+related+to+ship+finance%3F+%3Cbr%3E%E3%80%80%E2%80%9CAs+of+the+end+of+September+2021%2C+the+loan+balance+to+maritime-related+industries+was+approximately+330+billion+yen.+Of+that+amount%2C+270+billion+yen+is+for+shipowners.+Some+coastal+vessels+are+included%2C+but+most+are+ocean-going+vessels.+It+is+about+25+billion+yen+for+the+shipbuilding+and+ship+parts+manufacturing+industry%2C+and+about+35+billion+yen+for+operators+%28operating+companies%29.%E2%80%9C+%3Cbr%3E%E3%80%80%E2%80%9CThe+total+loan+balance+has+increased+by+about+54+billion+yen+compared+to+the+end+of+March+2020.+Especially+in+2020%2C+in+markets+where+the+future+was+uncertain%2C+there+were+many+situations+in+which+it+was+required+to+approve+or+reject+projects+under+extremely+strict+charter+conditions.+We+think+that+it+was+the+result+of+working+on+various+methods+while+finding+a+landing+point+for+each+other%2C+because+we+would+like+to+support+our+existing+business+partners.+In+addition%2C+shipowners+were+unable+to+sell+their+ships+due+to+the+spread+of+the+new+coronavirus+infection%2C+and+the+repayment+associated+with+the+sale+was+limited%2C+which+has+been+also+a+boosting+factor.%E2%80%9C+%3Cbr%3E%E3%80%80%E2%80%9CThe+rise+in+ship+prices+due+to+soaring+steel+prices+has+made+it+difficult+for+shipowners+to+make+new+investments.+On+the+other+hand%2C+it+is+expected+that+the+number+of+loan+ships+sold+will+increase+in+the+future+as+prices+of+secondhand+vessels+rises.+Therefore%2C+the+loan+balance+is+expected+to+gradually+decrease+in+the+future.%E2%80%9C+%3Cbr%3E%E2%96%A0+Supporting+environmental+measures+%3Cbr%3E%E3%80%80--We+would+like+to+ask+about+the+current+situation+and+prospects+surrounding+ship+finance.+%3Cbr%3E%E3%80%80%E2%80%9CIn+addition+to+increasing+the+size+of+ships+%3D+increasing+prices+of+ships+and+shortening+charter+periods%2C+there+is+no+waiting+for+environmental+measures.+Both+shipowners+and+banks+are+required+to+make+more+difficult+investment+and+credit+decisions+than+ever+before.%E2%80%9C+%3Cbr%3E%E3%80%80%E2%80%9CAs+long+as+the+world%E2%80%99s+population+continues+to+grow%2C+shipping+markets+will+continue+to+expand+in+the+long+run.+If+the+international+division+of+labor+changes+after+the+coronavirus+pandemic%2C+the+flow+of+marine+logistics+will+also+change.+The+type+of+ships+required+will+change+accordingly%2C+and+the+shipowner%E2%80%99s+fleet+maintenance+plan+will+also+change.+As+the+trend+of+decarbonization+intensifies+worldwide%2C+it+will+be+inevitable+that+costs+of+environmental+measures+will+increase.%E2%80%9C+%3Cbr%3E%E3%80%80%E2%80%9COur+bank+believes+that+additional+costs+related+to+environmental+measures+are+also+covered+by+the+support.+We+would+like+our+customers+to+maintain+their+corporate+strength+even+after+taking+environmental+measures+and+to+win+the+competition+against+the+world+in+the+future.+We+would+like+to+consult+with+shipowners%2C+including+not+only+funds+for+shipbuilding+but+also+environmental+measures.%E2%80%9C+%3Cbr%3E%E2%96%A0+Ship+management+is+also+a+factor+for+decisions+%3Cbr%3E%E3%80%80--What+is+important+in+your+credit+decisions%3F+%3Cbr%3E%E3%80%80%E2%80%9CIt+will+be+corporate+management+both+for+a+single+ship+project+and+all+ships.+We+also+considered+introducing+an+asset+finance+concept+into+credit+decisions%2C+but+it+is+difficult+to+decide+how+much+to+be+accepted+due+to+the+sharp+rise+and+fall+of+ship+prices.+In+addition+to+project+evaluation+of+projects%2C+we+fully+grasp+customers%E2%80%99+management+policy+and+overall+fleet+through+dialogue+with+shipowners%2C+share+issues+for+each+company%2C+and+make+a+comprehensive+decision.%E2%80%9C+%3Cbr%3E%E3%80%80%E2%80%9CIn+addition%2C+operational+management+capabilities+such+as+shipowners%E2%80%99+manning+%28dispatching+seafarers%29+and+ship+management+are+also+important.+It+has+been+used+as+reference+information+for+some+time%2C+but+we+are+considering+a+method+to+formally+incorporate+it+into+the+credit+decision+process.%E2%80%9C+%3Cbr%3E%E3%80%80%E2%80%9CIf+we+don%E2%80%99t+lend+because+they+don%E2%80%99t+have+long-term+charters%2C+we+can%E2%80%99t+live+up+to+the+expectations+of+shipowners.+If+initial+charter+contracts+are+short%2C+will+subsequent+contracts+be+made%3F+How+is+the+balance+with+charter+deadlines+of+other+owned+ships%3F+There+is+a+possibility+that+the+entire+fleet+can+absorb+and+control+risks+to+some+extent%2C+such+as+how+to+generate+funds+when+exchange+rates+suddenly+change+%28strong+yen%29.+We+make+decisions+on+a+case-by-case+basis+after+interacting+directly+with+customers+and+identifying+the+individuality+of+each+company.%E2%80%9C+%3Cbr%3E%E3%80%80--What+kind+of+stance+do+you+take+for+high-priced+ships+such+as+large+container+ships%3F+%3Cbr%3E%E3%80%80%E2%80%9CWe+work+from+a+fair+standpoint.+It+is+not+that+we+cannot+do+it+because+the+loan+amount+will+be+10+billion+yen.+We%E2%80%99ve+worked+on+it+so+far%2C+and+we+have+a+planned+ship.%E2%80%9C+%3Cbr%3E%E2%96%A0+60%25+for+Imabari+area+%3Cbr%3E%E3%80%80--What+are+the+strengths+of+%3Cb%3EHyakujushi+Bank%3C%2Fb%3E%E2%80%99s+ship+finance%3F+%3Cbr%3E%E3%80%80%E2%80%9COne+is+the+connection+with+customers+in+the+Imabari+area%2C+where+Japan%E2%80%99s+largest+maritime+cluster+is+located.+Since+opening+the+Imabari+branch+in+1968%2C+we+have+been+doing+business+for+more+than+half+a+century+and+accounts+for+about+60%25+of+the+loan+balance+for+the+maritime+industry.+We+have+learned+a+lot+from+customers+in+the+Imabari+area.%E2%80%9C+%3Cbr%3E%E3%80%80%E2%80%9CAnother+strength+is+that+we+started+business+in+Tokyo+relatively+early+among+regional+banks+in+western+Japan.+We+have+been+building+business+relationships+with+operators+and+leading+shipowners+in+Tokyo.+Another+strength+is+that+we+have+business+over+a+wide+area%2C+including+the+Kansai+and+Kyushu+areas.%E2%80%9C+%3Cbr%3E+%3Cbr%3E%E3%80%80Takashi+Kume+graduated+from+Kochi+University+in+1990+and+joined+%3Cb%3EHyakujushi+Bank%3C%2Fb%3E.+Vice+General+Manager+of+Sales+Department+in+Head+Office+in+2013%2C+Deputy+General+Manager+of+Tokyo+Branch+in+2015%2C+General+Manager+of+Ota+Branch+in+2017%2C+and+has+been+in+his+current+position+since+April+2020.+Born+in+Kagawa+prefecture%2C+54+years+old.%3Cbr%3E%3Cbr%3E%3Cbr%3EDisclaimer%3A+The+English+translations+provided+through+this+service+are+the+result+of+translations+made+by+The+Japan+Maritime+Daily+or+automatically+and+mechanically+translated+by+The+Japan+Maritime+Daily+using+an+automated+translation+system+provided+by+a+third+party+after+certain+processing+of+the+Japanese+content+licensed+by+the+third+party.+In+terms+of+the+English+translation%2C+The+Japan+Maritime+Daily+and+MarineNet+Co.%2C+Ltd.+make+no+warranty+or+burden+of+any+kind%2C+express+or+implied%2C+including+its+accuracy%2C+reliability%2C+validity+or+fitness+for+a+particular+purpose.+MarineNet+Users+should+fully+understand+that+this+service+uses+an+automated+translation+system+that+automatically+and+mechanically+recognizes+and+analyzes+information+and+produces+results.+The+users+should+understand+the+above+conditions+before+using+this+service.%3Cbr%3E%3Cbr%3E%E5%85%8D%E8%B2%AC%E4%BA%8B%E9%A0%85%EF%BC%9A%E3%81%93%E3%81%AE%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%82%92%E4%BB%8B%E3%81%97%E3%81%A6%E6%8F%90%E4%BE%9B%E3%81%95%E3%82%8C%E3%82%8B%E8%8B%B1%E8%A8%B3%E3%81%AF%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%81%8C%E4%BD%9C%E6%88%90%E3%81%99%E3%82%8B%E3%81%8B%E3%80%81%E5%8F%88%E3%81%AF%E3%80%81%E7%AC%AC%E4%B8%89%E8%80%85%E3%81%8B%E3%82%89%E4%BD%BF%E7%94%A8%E8%A8%B1%E8%AB%BE%E3%82%92%E5%8F%97%E3%81%91%E3%81%9F%E6%97%A5%E6%9C%AC%E8%AA%9E%E3%81%AE%E3%82%B3%E3%83%B3%E3%83%86%E3%83%B3%E3%83%84%E3%82%92%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%81%8C%E4%B8%80%E5%AE%9A%E3%81%AE%E5%87%A6%E7%90%86%E3%82%92%E8%A1%8C%E3%81%A3%E3%81%9F%E4%B8%8A%E3%81%A7%E3%80%81%E7%AC%AC%E4%B8%89%E8%80%85%E3%81%8C%E6%8F%90%E4%BE%9B%E3%81%99%E3%82%8B%E8%87%AA%E5%8B%95%E7%BF%BB%E8%A8%B3%E3%82%B7%E3%82%B9%E3%83%86%E3%83%A0%E3%82%92%E5%88%A9%E7%94%A8%E3%81%97%E3%81%A6%E8%87%AA%E5%8B%95%E7%9A%84%E3%83%BB%E6%A9%9F%E6%A2%B0%E7%9A%84%E3%81%AB%E7%BF%BB%E8%A8%B3%E3%81%97%E3%81%9F%E7%B5%90%E6%9E%9C%E3%81%A7%E3%81%82%E3%82%8A%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%80%81%E3%83%9E%E3%83%AA%E3%83%B3%E3%83%8D%E3%83%83%E3%83%88%E3%81%AF%E3%80%81%E5%BD%93%E8%A9%B2%E8%8B%B1%E8%A8%B3%E3%81%AB%E9%96%A2%E3%81%97%E3%81%A6%E3%80%81%E3%81%9D%E3%81%AE%E6%AD%A3%E7%A2%BA%E6%80%A7%E3%80%81%E4%BF%A1%E9%A0%BC%E6%80%A7%E3%80%81%E5%A6%A5%E5%BD%93%E6%80%A7%E5%8F%8A%E3%81%B3%E7%89%B9%E5%AE%9A%E7%9B%AE%E7%9A%84%E3%81%B8%E3%81%AE%E9%81%A9%E5%90%88%E6%80%A7%E3%82%92%E5%90%AB%E3%82%81%E3%80%81%E6%98%8E%E7%A4%BA%E5%8F%88%E3%81%AF%E9%BB%99%E7%A4%BA%E3%81%AB%E3%82%82%E3%80%81%E3%81%84%E3%81%8B%E3%81%AA%E3%82%8B%E4%BF%9D%E8%A8%BC%E3%82%82%E3%81%97%E3%81%BE%E3%81%9B%E3%82%93%E3%80%82%E3%83%9E%E3%83%AA%E3%83%B3%E3%83%8D%E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