Market gossip that Lodestar’s future is under threat from an adverse claims development is described as “very, very wide of the mark” by John Hearn, one of the founders of the venture.
“We had a big barge claim in our first six or seven months but, touch wood, claims are running very well,” he said. “We have developed a good book of business in the worst financial crisis in the shipping market and fought very hard to gain a foothold in the market.
