Navigation-related insurance claims account for up to half of group claims; the Standard Club hopes to bring that number down through best practice guidance and communication.

The current post pandemic market offers opportunities for growth and adaptability across all sectors, says Ted Petropoulos, when looking at the prospects for Greek ship finance in 2021 and beyond.

Extraordinary circumstances, market volatility and uncertainty see shipping bank-sourced finance for Greek owners decline 6.24% to $49.8bn in 2020 as banks review their lending policies.

Green and sustainable are the new watchwords when it comes to finance but what does it take for a newbuilding project to be eligible for such financing?

Alternative finance and leasing have been the name of the game in ship finance in recent years, however, equity and bank finance are making a big-time comeback according speakers at Marine Money’s annual New York event.

Seafarer abandonment cases have risen over the last 18 months and industry organisations are calling on flag and port states to take their responsibilities more seriously.

The finance sector’s push for sustainability and the slow pace of international regulation on emissions at the IMO versus regional ambitions were in focus at the opening day of Marine Money’s annual New York event.

China Development Bank (CDB) Leasing is to purchase ten 50,000 dwt product oil/chemical tankers from Jiangsu New Times Shipbuilding with a total cost of $383.8m.

With sustainability demand growing maritime is moving towards a global green ship finance market with a major demand expected for retrofit funding, according to KfW IPEX Bank.

KPI OceanConnect CEO Søren Høll expects there will be more consolidation in the bunker market as smaller players face a squeeze on credit.