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 »
Capesize The Capesize market fell sharply across all areas with the positive sentiment for the fourth quarter being eroded. In Asia, the west Australia/China route remained fairly active but lacked a full set of miners in the market during the week. Ra…
Dry Bulk Market: Negative Sentiment Sips In Read More »
The 72nd session of the Marine Environment Protection Committee met in London from 9 to 13 April 2018. This Update provides additional information to that reported in the MEPC 72 Brief, issued on 13 April 2018. MARPOL AMENDMENTS ADOPTED MARPOL Annex VI…