Blue Ocean Maritime Income plc (the “Company”), a closed ended company which intends to operate as an investment trust, announced its intention to launch an initial public offering (“IPO”) on the London Stock Exchange (the ̶…
Once again, the loss of Iranian oil for the international market is an eventuality, which is bound to alter fundamentals in the tanker market. In its latest weekly report, shipbroker Gibson commented that “as we move closer to the November 5th re-impos…
Tanker Market: The Iranian Factor May Soon Come Into Play Read More »
Against the positive backdrop of a benign claims environment in some sectors, IUMI’s statistics show an increasing mismatch between premium income, covered risk and claims costs. On a global average basis, buffers to cover extraordinary single or…
Global marine premiums up by 2% but challenges remain for marine underwriting, says IUMI Read More »
To assist shipping companies prepare for implementation of the UN IMO global sulphur cap for ships’ fuel oil, the International Chamber of Shipping (ICS) has produced – free of charge – some comprehensive guidance on implementation planning, to help en…
ICS Launches Free Guidance on Preparing for 2020 Sulphur Cap Read More »
With traditional banks cutting back on ship financing and owners increasingly looking to alternative ways of financing their fleet renewal and investment programmes, loan portfolios have been tumbling down. In its latest annual survey, Petrofin Bank Re…
Global Shipping Loan Portfolios’ Drop to $345 billion says Petrofin Bank Research Read More »