When the US Federal Reserve holds its last meeting of 2022 on 14 December, it is expected to raise its benchmark funds rate for the seventh time this year as it strains to tamp down inflation.

Shipping is in no way immune to the changes, which have seen one-year Libor jump from 0.11% in September 2021 to nearly 5.5% today.

While there have been no apparent casualties in the wave of pricier money to date, public shipowners have been weighing the reality in their quarterly earnings reports and investor calls in recent weeks, with varying spins on the trend.