The Shipowners’ Club announced a 5% general premium increase for 2026, addressing inflation and claims disparities. A 10% rise in P&I deductibles, with a minimum of $500, will also be implemented. Despite stable claims in 2025, the club faces economic uncertainties while anticipating membership growth in the coming year.
Thousands of Greeks gathered in Athens demanding higher wages amidst rising living costs. A one-day strike halted ferries, flights, and trains. Despite economic growth, many struggle to cover basic needs. Workers call for significant pay raises. The government plans to raise the minimum wage but remains cautious due to high debt.
Jason Starr, VP of operations at Globe Electric, recalls the shipping crisis during Covid, preparing the company for the current shipping challenges. As global trade faces disruptions and potential inflation, companies like COE Distributing and Lalo navigate rising costs and consider reshoring production. The fragility of global trade remains a critical concern.
