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