Finance

Standard Chartered sees US$5.5 billion ship loan growth on oil spend

Standard Chartered Plc (STAN), the British bank that earns most of its profit from Asia, expects to increase its $5.5 billion of loans to the shipping industry as demand for vessels recovers and oil-industry investments rise. The London-based bank’s lending to ship companies jumped more than 30 percent last year and it expects another “very active year” in 2014, Nigel Anton, head of shipping...