The transition away from LIBOR is imminent and lenders and borrowers should be thinking about how this will impact on both new and existing finance transactions. As USD is the most prevalent LIBOR currency used in shipping transactions, this article focuses on the current position as it relates to USD LIBOR.… Continue Reading
The shipping industry has experienced a very turbulent and somewhat negative decade since the 2008 financial crisis. The banking industry is a lot more regulated post-recession era and risk management is paramount. Many of the traditional shipping banks have either sought to leave the shipping industry altogether or have drastically reduced their exposure in response … Continue Reading
The shipping industry is a major contributor to harmful air pollution, generating an estimated 2.5 percent of the world’s greenhouse gas emissions. In a global market, the maritime transport sector is depended on as a reliable and cost-effective means of transporting goods. The huge volume of shipping activity and direct impact of the industry on … Continue Reading
