Welcome to MarineNet!

dbg

日本海事新聞ニュース Japan Maritime Daily Aug 06, 2024 (Tue)

Sumitomo Mitsui Trust Bank is expanding its syndicated loan arrangements

The ship finance team actively accepts trainees from Japanese regional banks

　Sumitomo Mitsui Trust Bank (SMTB), Japan’s largest ship finance company, is expanding its syndicate ・・・続きはログインして下さいnext %E3%80%80%3Cb%3ESumitomo+Mitsui+Trust+Bank%3C%2Fb%3E+%28SMTB%29%2C+Japan%E2%80%99s+largest+ship+finance+company%2C+is+expanding+its+syndicated+loan+arrangements.+It+responds+to+the+large+capital+demand+for+high+value-added+projects+such+as+LNG+%28liquefied+natural+gas%29+carriers%2C+FSRUs+%28Floating+Storage+and+Regasification+Units%29%2C+and+VLGCs+%28Very+Large+LPG+%EF%BC%9Cliquefied+petroleum+gas%EF%BC%9E+Carriers%29.+The+bank%E2%80%99s+FY+2023+%E2%80%9Cdistribution+performance%2C%E2%80%9C+which+includes+syndicated+loans+and+debt+transfers%2C+increased+by+40%25+from+the+previous+fiscal+year+to+over+130+billion+yen.+%3Cbr%3E%E3%80%80%E2%80%9CIt+is+reasonable+to+assume+that+syndicated+loans+in+the+shipping+sector+will+expand+based+on+the+respective+circumstances+of+the+borrowing+companies%2C+participating+financial+institutions%2C+and+arrangers.%E2%80%9C+%3Cbr%3E%E3%80%80This+is+what+Ryuutaro+Ono%2C+head+of+the+ship+finance+team+at+SMTB%2C+had+to+say.+%3Cbr%3E%E3%80%80As+of+the+end+of+March%2C+SMTB%E2%80%99s+outstanding+loan+balance+for+LNG+carriers+was+over+100+ships+and+over+500+billion+yen+%28an+increase+of+100+billion+yen+from+the+previous+year%29%2C+expanding+1.6-fold+%28in+terms+of+amount%29+over+the+past+two+years.+%3Cbr%3E%E3%80%80However%2C+according+to+statistics+from+Clarksons+in+the+UK%2C+the+new+shipbuilding+price+of+an+LNG+carrier+has+risen+to+%24264+million+%28approximately+41+billion+yen%29+per+ship.+It+is+getting+more+difficult+for+a+single+bank+to+provide+financing+on+its+own.+In+this+situation%2C+structuring+syndicated+loans+can+diversify+lending+risks+and+increase+the+possibility+of+winning+large+projects.+%3Cbr%3E%E3%80%80The+syndicated+loans+arranged+by+SMTB+involve+more+than+50+financial+institutions+in+total%2C+including+Japanese+regional+banks%2C+Asian+banks%2C+and+European+banks.+The+borrowers+are+diverse+as+well%2C+including+Japanese+carriers%2C+overseas+energy+companies%2C+electric+power+companies%2C+and+Greek+shipowners.+%3Cbr%3E%E3%80%80For+the+participating+Japanese+regional+banks%2C+this+will+allow+them+to+explore+new+areas+with+strong+demand+for+funds%2C+and+the+benefits+for+them+include+that+they+can+expand+their+access+to+non-Japanese+shipping+companies+by+utilizing+the+resources+of+SMTB%2C+the+arranger.+%3Cbr%3E%E3%80%80%E2%96%A0+550+ships%2C+1.7+trillion+yen+%3Cbr%3E%E3%80%80SMTB+currently+provides+ship+financing+for+approximately+550+ships.+According+to+a+ranking+by+MarineMoney%2C+a+US+shipping+finance+information+company%2C+it+ranks+7th+in+the+world+at+%2411.1+billion+%28approximately+1.72+trillion+yen%29+as+of+2023.+%3Cbr%3E%E3%80%80In+addition%2C+the+balance+of+%E2%80%9Cagent+handling+amounts%2C%E2%80%9C+which+involves+managing+other+banks%E2%80%99+funds%2C+such+as+arranging+syndicated+loans%2C+has+reached+260+billion+yen.+When+combined+with+the+bank%E2%80%99s+own+balance+of+1.72+trillion+yen%2C+the+balance+amounts+to+approximately+2+trillion+yen.+%3Cbr%3E%E3%80%80The+annual+amount+of+arrangements+is+also+on+an+upward+trend%2C+with+approximately+100+ships+and+400+billion+yen+in+financing%2C+including+refinancing+projects%2C+being+steadily+arranged.+Of+this%2C+external+sales+such+as+syndicated+loans%2C+debt+assignments%2C+debt+guarantee+trusts%2C+and+debt+guarantees+account+for+130+billion+yen.+%3Cbr%3E%E3%80%80%E2%96%A0+Organizational+restructuring+in+May+%3Cbr%3E%E3%80%80Following+organizational+restructuring+in+May%2C+SMTB%E2%80%99s+ship+finance+team+was+transferred+from+the+%E2%80%9CCorporate+Planning+Division%E2%80%9D+to+the+%E2%80%9CStructured+Finance+Division%E2%80%9D%2C+which+handles+highly+specialized+loans%2C+and+ship+finance+became+a+product.+%3Cbr%3E%E3%80%80The+ship+finance+team+currently+consists+of+12+people.+The+company+actively+accepts+trainees+from+Japanese+regional+banks%2C+with+five+people+enrolled+as+of+June.+%3Cbr%3E%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%E3%83%83%E3%83%88%E3%83%A6%E3%83%BC%E3%82%B6%E3%83%BC%E3%81%AF%E3%80%81%E3%81%93%E3%81%AE%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%81%8C%E3%80%81%E8%87%AA%E5%8B%95%E7%9A%84%E3%81%8B%E3%81%A4%E6%A9%9F%E6%A2%B0%E7%9A%84%E3%81%AB%E6%83%85%E5%A0%B1%E3%82%92%E8%AA%8D%E8%AD%98%E3%83%BB%E5%88%86%E6%9E%90%E3%81%97%E3%81%A6%E7%B5%90%E6%9E%9C%E3%82%92%E5%87%BA%E5%8A%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%E4%BD%BF%E7%94%A8%E3%81%97%E3%81%9F%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%81%A7%E3%81%82%E3%82%8B%E3%81%93%E3%81%A8%E3%82%92%E5%8D%81%E5%88%86%E3%81%AB%E7%90%86%E8%A7%A3%E3%81%97%E3%81%9F%E4%B8%8A%E3%81%A7%E3%80%81%E3%81%93%E3%81%AE%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%82%92%E5%88%A9%E7%94%A8%E3%81%99%E3%82%8B%E3%82%82%E3%81%AE%E3%81%A8%E3%81%97%E3%81%BE%E3%81%99%E3%80%82%3Cbr%3E