Independent journal on economy and transport policy
08:18 GMT+2
LIBOR: Shipping's elephant in the room
(Platts)
May 3, 2018
Jianrong Wong, Platts
The shipping industry's vessel loans are typically taken on the basis of a premium over LIBOR. LIBOR has been experiencing upward pressure since early 2017, as major central banks have moved to a tightening stance. The three-month LIBOR has risen to 2.3% as of April 2018, the highest rate seen since November 2008, the early days of the financial crisis ...... Read more on Platts
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