IMO Member States urged to back action on heavy fuel oil risks

As the International Maritime Organization’s (IMO) Marine Environmental Protection Committee (MEPC 71) opens...

Iron risks plunge to $40s as Marex sounds second-half alarm

Labourers work on a pile of iron ore at a steel factory in China. Iron ore has stabilised in the $60s for the past five weeks after getting battered in March and April, with the commodity sinking into a bear market amid escalating concern early-year gains

ECB’s Mersch Says Risks to Growth Are Almost Back in Balance

The European Central Bank will soon be able to adopt a more optimistic tone on the euro-area economy — a possible first step in winding down stimulus — according to Executive Board member Yves Mersch.

China: time to focus on financial risks and structural reform

As the Chinese economy matures to a slower but more sustainable growth path, policy efforts need to focus more on efficiency, stability and inclusiveness, according to a new OECD report.

Rig firm Seadrill risks Chapter 11 bankruptcy

Rig firm Seadrill, battling with $14 billion in debt and liabilities, said on Tuesday it may have to file for Chapter 11 bankruptcy protection if it fails to reach a restructuring agreement with its lenders, sending its shares down 14 percent.

War Risks P&I Excess cover and Bio-Chem cover for the 2017/18 policy year –International Group arrangements

Although war risks are excluded from standard P&I cover (Rule 30.4.1), Assuranceforeningen Skuld (Gjensidig) (“the Association”), in conjunction with other P&I Clubs in the International Group

Fitch: Hanjin Shipping Risks Manageable for Korea Banks

A decision by the creditors of South Korea’s Hanjin Shipping Company on 30 August to withdraw financial support for the company was a proactive step towards restructuring the country’s shipping and shipbuilding industry, and a sign that troubled entities