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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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Shipping on the Radar

Our industry has sailed “under the radar” for most of its recent existence.  While romantic notions of old are gone, where the entire town would come to the waterfront to greet the latest ship bringing exotic goods, shipping has operated…

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Shipping Faces Some Grim Realities

What if the predictions of economic recovery are wrong? Clay Maitland takes a hard look at the prospects for the future, and it's not necessarily a pretty picture.  I commend to your attention the article posted earlier this month by…

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Korean Yards Hold Fire Sale

Further proof that the glut of overtonnage is not going away anytime soon.  MarineLink.com reported today that Korean shipowners are struggling to rid themselves of unsold ships at substantially lower than market prices. Daewoo is trying to sell a pair of 320,100…

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