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Maritime

A year of living dangerously

The only certainty the shipping industry can rely on in 2024 is that it will be a year of uncertainty and unexpected shocks to the established order of world trade.

The companies that will emerge strongest from this period of unpredictability will be the most agile, both in deploying their financial resources and adjusting quickly to changing geopolitical or environmental factors.

Moore Maritime Index - Shipping trends based on the fleet size

The Moore Maritime Index (MMI) report on “Shipping Trends based on Fleet Size” focuses on studying the possible trends and correlations between “fleet size” and other shipping factors, such as operating expenses, net income, vessel age and capacity. For the purposes of this report, fleet size is defined as the total number of vessels managed by a single management company.

Sale and leaseback transactions and IFRS 16 implications

The turmoil in the shipping and financial markets since 2008 has resulted in a significant decrease in funds available for borrowing and has led shipping companies to seek alternative methods of financing for the acquisition of vessels such as the sale and leaseback option. With the adoption of IFRS 16 from 1 January 2019, Panos Drakoulakos details how this will impact sale and lease backs as an alternative financing method.