Tag: green finance

Another four major Japanese banks have signed up to Poseidon Principles, which offer the framework for financial institutions to lend in line with IMO goals to halve greenhouse gas emissions by 2050.

DNV recently informed that supported Hapag-Lloyd in obtaining financing for six of its highly efficient containership newbuildings according to the Green Loan Principles of the Loan Market Association (LMA).

Hapag-Lloyd is breaking new ground in financing, by concluding two debut transactions according to the Green Loan Principles of the Loan Market Association (LMA). Namely, both transactions are associated with the financing of six ultra-large 23,500 TEU container ships, which were ordered in December 2020.

More than 50 leaders from the financial, public and private sectors participated in the first “Financing Sustainable Maritime Transport (FIN-SMART) Roundtable” on 27 October, addressing the need to accelerate finance to support sustainable shipping, particularly in developing countries.

The global containership management company, Seaspan Corporation secured a $1.8 billion sustainability-linked loan (SLL), the first of its kind in the containership leasing industry.

The Baltic Exchange, the world's independent source of maritime market data, has issued its reports for the last week, 12-16 October 2020, to provide information of the bulk and dry market performance.

The European Union launched the Blue Economy report for 2020, to provide support to policymakers and stakeholders in the quest for a sustainable development of oceans, coastal resources and, most notably, to the development and implementation of polices and initiatives under the European  green Deal in line with the new approach for a sustainable Blue Economy.

The European Union launched the Blue Economy report for 2020, to provide support to policymakers and stakeholders in the quest for a sustainable development of oceans, coastal resources and, most notably, to the development and implementation of polices and initiatives under the European  green Deal in line with the new approach for a sustainable Blue Economy.

In fact, two scrubber manufacturers backed by Frontline and Navig8 Group have completed a merger to create one of the world’s biggest suppliers of exhaust gas cleaning kits. Namely, Clean Marine has finalized the tie-up with FMSI, as planned earlier in October.

Maersk is now increasing fuel surcharge imposed on the transport of boxloads of goods as the implementation of the new environmental rules sent the industry’s costs soaring.