The largest annual ship-finance conference in the US has been cancelled for 2020 after organisers initially chose to postpone the three-day event.

Marine Money Week will fold its hand owing to the coronavirus outbreak and set sights on returning to the Pierre Hotel in midtown Manhattan for the usual dates in 2021.

"Marine Money Week is a special event. We felt that the risk of not being able to produce the quality content and international attendee audience that people rely on was not respectful of our clients’ time and resources," the organisers said in a release today.