Articles

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It is a well-known fact that the fortunes of the shipping markets are determined by the interaction of the demand for and supply of vessels. Therefore, understanding what is happening with the growth in demand and supply of vessels across different vessel types is critical.

The shipping industry is essential to international trade. Although perceived as highly polluting due to the reliance on fossil fuel power generation, this sector remains the least harmful transportation mode for greenhouse gas emissions (“GHG”) per ton of freight transported.

On 2 August, Japan removed South Korea from its ‘white list’ of countries that enjoy preferential treatment in trade. According to a study by the Korea Economic Research Institute, Korea’s GDP would fall an estimated 5.4% if Japan’s export controls break the flow of intermediate goods between the two countries by 45%.

Of all the responsibilities corporate management is tasked with, training and succession planning, although largely unheralded, are critical to the life of a corporation. A smooth transition is a thing of beauty. The re-arrangement of the deck chairs atCiti's Shipping & Logistics Businesswas one of those occurrences.

Financing Greek maritime has changed significantly over the past decade, and it looks as though the new trend will continue. Gone are the days when Greek owners had a couple of house banks and new loans involved a lunch at the Marine Club or a call to London or Hamburg or Rotterdam.

At the 70th Marine Environment Protection Committee meeting in 2016, the International Maritime Organisation (IMO) decided that steps needed to be taken to reduce the sulphur content of the fuel oil used by ships to, among other reasons, mitigate climate change.

On 18th June 2019, 11 banks with collectively over $100bn in assets and representing nearly 20% of the global ship finance signed a global framework agreement called the Poseidon Principles.

As a new round of escalation of trade tension took place when President Trump announced the imposition of 10 percent tariffs on another US$300 billion of Chinese goods, the US-China trade dispute has been taken back to center stage...

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The shipping and offshore markets have traditionally been reliant on bank funding to service their capital requirements. There has, however, been a significant focus on bank capacity retrenchment in recent years especially relating to the changes in bank regulations (IFRS 9 and 16).

As many readers will know, I left Clarksons in 2008, leaving many friends behind, but found no shortage of fully qualified mates to join me in a new ship brokerage company.

2018 was another exciting year for Chinese Leasing. Its portion in the global ship finance space grew larger than ever before, representing over 20 percent of ship finance transactions. This development consolidated its upward trend since it became global in 2012. A reminder to all: Chinese leasing represented merely 2-3 percent of such transactions back in 2015.

US and Britain shaped a global system in the immediate post World War II period. In reality, it was a system designed to project American power onto the global stage.

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The LTV is probably the most popular metric to determine the debt capacity and loan size in ship finance.

Shipping remains the most cost-effective, energy efficient, and sustainable means of transporting the world’s goods. That’s the good news. But in an environment of ever-increasing decarbonization regulation, can owners profit from new technology?

Its economy has already re-shaped the shipping markets once; the next decade will see China again upset the status quo, write James Frew and David Jordan, Maritime Strategies International.

Over the last three years, we have been witnessing a rapidly changing global political, financial, technological and social environment within which shipping transports 90% of goods traded. Shipping and shipping services businesses are undergoing changes internally and externally to adapt to this changing landscape.

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