Financial and Market News

Shipping reacts to Japan’s decision to shut 100 coal power plants

2020-07-03- News yesterday that the Japanese government is looking to shutter 100 out of its 140 remaining coal-fired power stations has received a mixed reaction from shipping analysts. . . READ MORE

Study: America’s ‘Blue Economy’ Worth $373 Billion in 2018

2020-06-02 –The United States’ marine economy contributed about $373 billion to the nation’s gross domestic product in 2018 and grew faster than the nation’s economy. . . READ MORE

Rodolphe Sadde backs UN call for green recovery aid

2020-05-20 –CMA CGM was among 155 companies- with a combined market capitalisation of over $2.4trn – to sign a statement yesterday. . . READ MORE

Stopford’s worst-case scenario: sea trade declines 17% by 2024

2020-05-15- SMM. the world’s largest shipping exhibition, held its regular press event curtain-raiser this week by Zoom with famous names in maritime dialing in to discuss the markets. . . READ MORE

CLIA Members Suspend Cruises From U.S. Ports for 30 Days –

2020-03-13- On Friday, U.S. President Donald Trump announced that he has asked four major cruise operators to voluntarily suspend cruise ship operations from U.S. seaports. . . READ MORE

The Belt and Rebranding Initiative –

2020-03-13- China’s Belt and Road initiative (BRI) continues to defy simple explanations. Initially used as a means to promote and frame the country’s key foreign policy initiatives. . . READ MORE

10 ways that COVID-19 has disrupted shipping –

2020-03-13- Since the beginning of 2020, the world community has been under an unprecedented crisis facing uncertainty due to COVID-19 pandemic. . . READ MORE

Sumitomo Mitsui Trust Bank first Asian member of Poseidon Principles –

2020-03-13- Sumitomo Mitsui Trust Bank (SMTB) has become the first Asian financial institution to sign up to the Poseidon Principles. . . READ MORE

Magma Maritime to launch digital ship finance platform

2020-02-11- London-based Magma Maritime, controlled by John C Hadjipateras & Sons, is launching an alternative ship finance platform through. . . READ MORE

Record-breaking Posidonia set to highlight ‘transformational changes’ in shipping

2019-01-31- n fact, two scrubber manufacturers, Clean The 2020 Posidonia exhibition is on track to set new records in exhibitor numbers and floor space for its upcoming edition. . . READ MORE

The China Challenge: Remaking the Landscape of Transatlantic Security

2019-01-31- For much of its history, China has been a major global power. And after a lapse. . . READ MORE

Shipping’s green $1trn is a profitable investment, not a cost

2019-01-30- Earlier this month, the Global Maritime Forum presented its report on the level of investment required to decarbonise the shipping sector. But instead. . . READ MORE

GLOBAL: International Seaways’ refinancing package linked to ‘ground-breaking sustainability feature’

2019-01-30- International Seaways has closed on a $390 million refinancing package which include a ‘sustainability-linked pricing mechanism’ said to be the ‘first of its kind for a NYSE-listed shipowner. . . READ MORE

Two More Banks Sign Up to Poseidon Principles

2019-01-20- The world’s largest lender to global shipping, BNP Paribas, and leading wealth manager, Credit Suisse. . . READ MORE

More than $1trn needed to meet IMO’s 2050 environmental goals

2019-01-20- At least $1trn of capital investment in land-based and ship-related infrastructure will be required to halve international shipping’s greenhouse gas emissions. . . READ MORE

ITOPF: Number of oil tanker spills in 2019 the lowest in 50 years

2019-01-13 –The International Tanker Owners Pollution Federation (ITOPF) issued its oil spill statistics, noting a continuing decrease. . . READ MORE

World’s top managers provide insight into 2020 challenges

2019-01-09 –According to Rajesh Unni, the CEO of Synergy Marine Group, the art and the science of the shipmanager is essentially “to manage. . . READ MORE

Key trends shaping the cruise industry in 2020

2019-01-02- CLIA issued its 2020 State of the Cruise Industry report taking an in-depth look at the impact of cruising and the trends across the industry, including environmental sustainability, responsible. . . READ MORE