Shipping banks will for the first time incorporate climate considerations into lending decisions to incentivize maritime shipping’s decarbonization. Namely, the Poseidon Principles will be a framework for assessing and disclosing the climate alignment of financial institutions’ shipping portfolios.
Businesses’ failure to manage the earth’s natural resources or “natural capital” has consequences that extend beyond environmental effects. A new report by Allianz Global Corporate & Specialty has categorized the transportation sector into the ‘danger zone’ in terms of natural capital risk exposure.
Philippines might not be ready for IMO 202011/12/2019
Yamal LNG completes delivery of all Arc7 ice-class tankers11/12/2019
Modifications for wind-powered North Sea platforms11/12/2019
New partnership for the exploration of a global offshore oil and gas program11/12/2019
China's imports on four crucial commodities show growth11/12/2019
NOAA alerts the risks of the Arctic warming11/12/2019
IMO Member State Audit Scheme: Guidance on communicating information adopted11/12/2019
Baltic index falls for 5th consecutive session11/12/2019
NAPA and key industry players to improve passenger ship safety11/12/2019
American Club announces buoyant annual market review11/12/2019