International Shipping News

BIMCO: Shipping Could Face Setback On Rebound Story, on US Initiating Trade War with Allies

Months of uncertainty about the potential exemptions of the EU, Canada and Mexico’s exports of steel and aluminium to the US have ended, and with a hard hit. The US has chosen not to extend the exemption which have triggered immediate retaliatory measu…

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Are shipowners ready for higher interest rates? Rally in interest costs potentially dangerous for shipping companies

Shipping is a capital-intensive industry, which is heavily dependent on debt financing. LIBOR (the primary benchmark for short-term interest rates globally) has started to increase at a faster pace over the past five months compared to prior increases …

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