LIBOR: Shipping’s elephant in the room
May 3, 2018 http://blogs.platts.com/2018/05/03/libor-shipping-elephant-in-the-room/
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.