Seaspan takes the renminbi into the global P&I market

Bing Chen-led Seaspan is taking the internationalisation of the renminbi into marine insurance, becoming the first overseas shipowner to pay protection and indemnity calls to China P&I Club in the Chinese currency. The containership lessor and China Shipowners Mutual Assurance Association signed an agreement in Shanghai this week covering two 14,000 teu newbuildings, which will … Read full article →