Page 20 - Poseidon Principles News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Poseidon Principles for Marine Insurance (PPMI) formally came into effect in May 2022, and the Signatories are getting ready to begin their first climate alignment reporting exercise, meaning that they will publicly disclose the carbon intensity of their hull and machinery (H&M) portfolios. As with all new initiatives, however, many are wondering about the ...

Amid the gloom of spiralling energy costs, inflation, war, and the recent United Nations IPCC report which revealed that global carbon emissions are still rising, and governments are not following through on COP 26 assurances, shipping’s own endeavours to cut carbon emissions are in sharp focus. Congested ports, broken supply chains, and Covid-related hold-ups more ...

Improving Scope 3 emissions paves the way for sustainable transportation in mining. This article will look look at this further along with recent developments in the field.

LNG has gained significant traction in international shipping! It is clearly one of the signs of this fossil-derived fuel overcoming controversies surrounding its green credentials, and how it is able to maintain its place as a primary energy source well into the net-zero emission future. The year 2021 has already witnessed a record high of ...

International Seaways, Inc., one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products, today announced that it has closed on a new senior secured credit facility (the “Facility”) with an aggregate capacity of $750 million, composed of a term loan of $530 million and a revolving credit facility ...