Navigating Capital Challenges in the Shipping Industry Amid Geopolitical Tensions and Regulatory Changes

Tobias Backer, executive director of Pelagic Capital, addresses the cash requirements in the shipping industry amidst geopolitical challenges. With conflicts in Ukraine and Gaza, regulatory changes for green initiatives, and US protectionism affecting trade relationships, traditional banks are cautious in lending. Alternative credit institutions like MareVia Credit Fund aim to fill the capital gap for shipowners.

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Seafarers have been at the forefront of keeping the maritime industry safe. PHOTO BY DUNCAN TORRES

Maritime Industry Calls for Enhanced Seafarer Safety Amid Geopolitical Tensions

At the recent Capital Link Forum in Athens, shipping organizations expressed deep concerns about seafarer safety amid escalating geopolitical tensions and piracy. Industry stakeholders underscored the necessity for improved safety protocols, emphasizing a collaborative approach among governments and leaders to safeguard maritime professionals facing diverse threats in an increasingly complex environment.

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