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Financing for Older Ships' Retrofits and Upgrades, a Rarity | Hellenic Shipping News Worldwide - Vimarsana News

Financing for Older Ships' Retrofits and Upgrades, a Rarity | Hellenic Shipping News Worldwide

A scarcity in obtaining finance for environmentally-friendly retrofits and upgrades is hindering shipping’s decarbonization process. In its latest weekly report, Intermodal said that “IMO 2020, Ballast Water Treatment regulations, Green Recycling, GHG emissions, EEXI, CII, ETS, Fit for 55, Carbon price/levy, the Poseidon Principles are just a handful pieces of evidence that the environmental regulations ...

Take control: navigating CII, financial issues and shipping's sustainable horizon - Vimarsana News

Take control: navigating CII, financial issues and shipping's sustainable horizon

In a landscape of ever-increasing complexity, with constantly evolving requirements for owners, operators and charterers, how can you plot your route ahead with confidence? Understanding performance, says Jacob Clausen, MD NAVTOR Denmark, is the key to success. You don’t need me to tell you that shipping is undergoing a transformation like never before. With stringent ...

Shipping industry unites to launch Code of Conduct and self-assessment to protect seafarers' rights and welfare - Vimarsana News

Shipping industry unites to launch Code of Conduct and self-assessment to protect seafarers' rights and welfare

Today sees the launch of a landmark Code of Conduct and self-assessment tool developed to protect the human rights and welfare of the world’s nearly two million seafarers. The initiative aims to support a safe, healthy and secure onboard work environment, and goes beyond the ILO Maritime Labour Convention (MLC) to focus on the full ...

WFW on sustainability-focussed US$25m dry bulk carrier financing | Hellenic Shipping News Worldwide - Vimarsana News

WFW on sustainability-focussed US$25m dry bulk carrier financing | Hellenic Shipping News Worldwide

Watson Farley & Williams (“WFW”) has advised a leading financial services company regarding a US$25m financing to companies controlled by Union Maritime Limited secured on three dry bulk carriers with a focus on sustainability and, more specifically, the IMO’s aim to reduce international shipping’s carbon footprint through the recent adoption a new operational carbon intensity ...

Euronav Suezmax Completes Biofuel Trial - Vimarsana News

Euronav Suezmax Completes Biofuel Trial

Belgian shipowner Euronav said it has tested a biofuel blend marine fuel for its Suezmax tanker Statia in an effort to test…