Klapton is pleased to announce the issuance of a new policy related to the maritime industry following the closing of a Residual Value Guarantee in favour of Sevenseas Holdings Inc. The company has been working closely with Sevenseas’ management for a number of months in crafting a bespoke policy and guarantee that protects the company’s […]
Maritime Announcement: new African maritime surety products
Building on the Maritime Sureties business line, which serves the global shipping sector, Klapton is pleased to announce that it will shortly roll out a suite of maritime surety products targeted at the company’s established African sphere of operation.
Changing Dynamics of Ship Finance
It is possible to mitigate against the risks inherent in the industry The ship finance landscape has changed fundamentally over the past decade since the turmoil in the global financial markets and the beginning of the shipping crisis. Several then-industry leading banks have exited or significantly scaled down their shipping activities amid soaring losses. Historically […]