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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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“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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Financing Change

Nearly lost in the flurry of regulations and proposed regulations is the issue of “Who pays?”.  The amount of investment necessary for compliance, or anticipated regulations, is staggering.  With scrubber and BWMT running into the millions per unit (plus infrastructure,…

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