Mention risk in the time of coronavirus and in shipping thoughts first go to crew and the many hurdles facing stranded seafarers, then maybe to shoreside staff still working from home or the many conferences cancelled throughout 2020.
But another type of risk is financial.
And while it may not be as dramatic as the other scenarios, it is one the executive management team at Ireland’s Ardmore Shipping tackled recently in revisions to more than $300m in debt.
