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Poseidon meets ship finance

Today was the announcement of the “Poseidon Principles” involving 11 major shipping banks, representing a bank loan portfolio to global shipping of approximately $100 billion that will, for the first time, integrate climate considerations into lending decisions to incentivize maritime…

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A tale of two cities…

In the last two weeks it has been my pleasure to travel to both Athens (Hellenic American Maritime Forum) and Oslo (NorShipping) and meet with maritime stakeholders.  While all carry the passion for shipping, they are often diametrically opposed when…

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A Cup of Kindness

At last week’s Hellenic American Maritime Forum in Athens, there was a presentation by Captain Apostolos Skempes of Arcadia Shipmanagement entitled “Preventing offensive or hurtful behavior in the maritime workplace”.  He outlined various strategies and policies employed by Arcadia to…

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Building Industry Credibility

I believe our industry is the most valuable and indispensable industry on the planet—but is it the most honest?  As we face increasing regulations, are they being implemented and enforced in a systematic and consistent fashion so we have a…

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The Little Engine that Could

Well, last week’s MEPC meeting is behind us and we can once again focus on the business of shipping instead of getting distracted by the positioning of interest groups and their various tactics (how did an “environmental” group get mobilized…

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“Actions not Words”

Kitack Lim opened the MEPC meeting in London with a call for “actions not words”.  This refrain is being echoed throughout the world as society demands the shipping industry work to reduce its contribution to climate change by reducing first…

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The Wizard of Oz?

Some of you may remember the command in The Wizard of Oz about ignoring the “man behind the curtain”.  By pulling back the curtain, Dorothy revealed that the “Wizard” wasn’t magical at all—in fact he was a charlatan. I feel…

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Looking Ahead with SeaAhead

It was my distinct honor yesterday to attend a Maritime Innovation Summit hosted in Boston by SHIPPINGInsight Partner, SeaAhead.  This was a gathering in an area they term the “Innovation Cluster” and, judging from the range of technologies and innovations…

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It All Began 50 Years Ago. . .

"HAL 9000 is the on -board supercomputer of the spaceship Discovery in the film 2001: A Space Odyssey by Stanley Kubrick and the book of the same name by Arthur C. Clarke . Its name is the acronym for Heuristic ALgorithmic "(" algorithmic heuristic "). HAL 9000 is equipped with an advanced artificial intelligence that allows it to reproduce all…

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