Decade of Decisions

Suez Canal Authority slashes Ever Given compensation claims by $300m

2021-05-10– The Suez Canal Authority has slashed its Ever Given compensation claims by nearly a third. The Egyptian body is now seeking $600m. . . READ MORE

Green bonds and loans exceed the value of fossil financing

2021-05-20- Green bonds and loans from the worldwide banking sector have exceeded the value of fossil financing so far this year for the first time since records began. . . READ MORE

Sabrina Chao becomes president of BIMCO

2021-05-21- Sabrina Chao from Hong Kong’s Wah Kwong Maritime Transport Holdings has taken over from Şadan Kaptanoğlu, managing director. . . READ MORE

Volume of ship orders at highest levels seen since 2014

2021-05-24- Ship orders in the year to date are at the highest volumes seen since 2014 despite many owners having severe reservations about future propulsion. . . READ MORE

Regulatory purgatory is heaven for rates

2021-04-29- The waiting for confirmation of the next stage of environmental regulations has put an incredible clamp on ordering new ships. . . READ MORE

GLOBAL: TRAFIGURA CLOSES ITS FIRST SUSTAINABILITY-LINKED CAPITAL MARKETS TRANSACTION

2021-04-28- Commodity trader Trafigura has closed a new $203.5 million US Private Placement – which was its first sustainability-linked capital markets transaction and also. . . READ MORE
Source: BUNKERSPOT

BW Group: Andreas Sohmen-Pao on the characteristics tomorrow’s shipowner must possess

2021-04-28- With the accelerating pace of change, businesses have a lot of things to consider. Few have been so proactive to ensure they’re in charge of their own destiny as BW. . . READ MORE

How 100 Giant Companies Dominate the Ocean Economy

2021-04-25- One hundred companies control 60 percent of the ocean economy. Can they work with policymakers, scientists and civil society. . . READ MORE

The winners of 2021 GREEN4SEA Awards announced

2021-04-21-SAFETY4SEA announced the winners of the 2021 GREEN4SEA Virtual Awards on April 21st, recognizing industry’s outstanding practices for Sustainability, Clean Shipping, Initiative, Technology, Tanker Operator, Dry Bulk Operator and Personality. . . READ MORE

White House Nominates USCG’s First Female Four-Star Admiral

2021-04-21- The White House has nominated Vice Adm. Linda L. Fagan to be the next Vice Commandant of the U.S. Coast Guard, marking the first time that a woman. . . READ MORE

Euronav seals $95m green financing deal

2021-04-12- Belgian tanker giant Euronav has inked a deal for a €80m ($95m) unsecured sustainability linked revolving credit facility, taking its overall. . . READ MORE

U-Ming secures its First Sustainability-Linked Loan

2021-04-13- U-Ming Marine Transport Corporation (“U-Ming”) (TSEC code: 2606), Taiwan’s largest publicly listed bulk carrier company, has secured its first. . . READ MORE
Source: SHIP MANAGEMENT INTERNATIONAL

First Carbon-Offset Condensate Shipment Leads to New Carbon Business

2021-03-15- The use of carbon offsetting is increasingly catching on in segments of the maritime and fuel industries as companies look to enhance their environmental positioning. . . READ MORE

GLOBAL: KPMG REPORT FOCUSES ON GREEN SHIPPING

2021-03-18- The new study looks at the current regulatory framework for shipping in terms of emissions reduction and also considers the importance. . . READ MORES
Source: BUNKERSPOT

Clarksons predicts seaborne trade volumes will surpass 2019 levels this year

2021-03-08– While conceding that major uncertainties remain, Clarkson Research Services is projecting global seaborne trade estimates for full year. . . READ MORE

GLOBAL: NEW WFW REPORT LOOKS AT IMPACT OF ESG ON SHIPPING AND FINANCE

What’s in store in the Year of the Ox?

2021-02-11– On February 12, we will put the Year of the Rat behind us. In what is probably the most widely celebrated festival on the planet, the incoming Year of the Ox will. . . READ MORE

With Oil Past Peak, Shell Sharpens 2050 Zero Emissions Goal

2021-02-11 – Energy giant Royal Dutch Shell vowed to eliminate net carbon emissions by 2050, raising its ambition. . . READ MORE

Hapag-Lloyd Joins Shipping Industry Move to Green Financing 

2021-02-08– Hapag-Lloyd has become the latest company in the shipping industry to turn to “green financing,” for its future growth. . . READ MORE

ESG: Can shipping step up to the plate?

2021-01-13– Investors are increasingly piling the pressure on companies to meet tough environmental, social and governance (ESG) standards. . . READ MORE
Source: ship.energy

Korean yards rank number one in new orders for 2020

2021-01-19- Korean shipbuilders won orders of 8.19m compensate gross tonnage (cgt) for 187 vessels in 2020, taking up 43% of the world’s total of 19.24 cgt on 738 vessels, according to data from Clarkson Research. . . READ MORE
Source: Seatrade Maritime News

Shipbuilding orderbook falls to 31-year low against existing fleet

2021-01-08 – In a review of 2020 Clarksons Research managing director Steven Gordon noted the volume of newbuildings orders was down 29% last year with 53.9m dwt. . . READ MORE
Source: Seatrade Maritime News