Page 40 - Poseidon Principles News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Introduction In recent years, many in the maritime industry have been closely watching and planning for regulatory changes being initiated by the International Maritime Organization (IMO) in connection with ship efficiency and the reduction of greenhouse gas (GHG) emissions from ships. Those efforts at the IMO have already resulted in significant regulatory developments, and planning efforts are underway in many segments of the industry to develop new technologies, alternative fuels, and long-term technical and infrastructure solutions—all to pave the way to meet IMO’s carbon intensity an...

Standard Chartered Joins an industry initiative to reduce carbon emissions in the shipping sector Standard Chartered announced today that it has become a signatory to the Poseidon Principles, a global framework that aims to align carbon emissions in the shipping industry with the international targets set by the United Nations. According to the International Maritime Organisation (IMO, a United Nations agency that regulates shipping), maritime transport emits around 940 million tonnes of carbon annually and is responsible for around 2.5 per cent of global greenhouse gas emissions. Standard Ch...

Norsepower Agreement Signals Global Installation Capability For Rotor Sails Norsepower Oy Ltd., the leading global provider of auxiliary wind propulsion systems, has signed a framework agreement with Offshore Technology Development (OTD), Keppel Offshore & Marine’s technology arm specialising in the provision of critical equipment which supports the offshore oil and gas, marine, and offshore wind industries. Under the agreement, OTD can assist to provide the initial survey, design and engineering works, and organise the equipment installation for Norsepower’s Rotor Sails. Norsepower will ...

Standard Chartered Joins Poseidon Principles Initiative by Ship & Bunker News Team Tuesday April 20, 2021 Poseidon Principles: reshaping shipping. File Image / Pixabay. The move by ship finance banks to align investment decisions to cutting carbon -- the Poseidon Principles -- has attracted another signatory. Standard Chartered Bank joins 25 other signatories to the declaration. "Signing up to the Poseidon Principles is an important addition to our existing efforts to reduce our financed emissions," said the bank's head of ship finance, Abhishek Pandey.  Lenders, lessors and financial ...

With Standard Chartered becoming a signatory to the Poseidon Principles, the shipping loan portfolio of the framework surpassed $185 billion.