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Study shows LNG-powered vessels save on interest rates LNG-powered vessels are likely to find favorable treatment from lenders under the Poseidon Principles, according to a new study by Sea-LNG. Sea-LNG is a multi-sector industry coalition that was founded in 2016 to advocate for the use of LNG over conventional marine fuels. Its members include a diverse assembly, including owners, charterers, brokers, banks, and classification societies, as well as ports, upstream suppliers, infrastructure providers, and original equipment manufacturers (OEM). The Poseidon Principles represent a commitment ...

Swedish Bank Joins Poseidon Principles by Ship & Bunker News Team Wednesday December 23, 2020 Sweden's SEB has joined decarbonisation lending initiative the Poseidon Principles, the company said last week. SEB will start reporting the 'climate alignment' of its shipping portfolio from next year, the lender said in a statement on its website. The Poseidon Principles "establish a common framework to quantitively assess and disclose whether financial institutions' lending portfolios are in line with climate goals set by the International Maritime Organization," according to the organisation's...

Eagle Bulk Shipping Becomes a Signatory to the Sea Cargo Charter Eagle Bulk Shipping Inc., one of the world’s largest owner-operators within the Supramax / Ultramax drybulk segment, today announced that it has become a signatory to the Sea Cargo Charter (the “Charter”). The Charter, which was launched in October 2020, provides a global framework for aligning chartering activities with responsible environmental behavior in order to promote international shipping’s decarbonization. The Charter is consistent with the International Maritime Organization’s (IMO) ambition for greenhouse g...

Eagle Bulk joins Sea Cargo Charter December 22, 2020, by Jasmina Ovcina Eagle Bulk Shipping, one of the world’s largest owner-operators within the Supramax / Ultramax drybulk segment, has become a signatory to the Sea Cargo Charter. The charter, which was launched in October 2020, provides a global framework for aligning chartering activities with responsible environmental behavior in order to promote international shipping’s decarbonization. It is consistent with the International Maritime Organization’s ambition for GHG emissions from...

Photo: DNV GL Global shipping has most of the key fundamentals in place for its transformation in the years ahead. In fact, Knut Ørbeck-Nilssen, DNV GL’s ceo – Maritime, goes further. He believes that the challenges of 2020 have tested international shipping to the limits, but that the world’s oldest mode of cargo transport has emerged stronger and fitter. “The strength and character of people in this business has amazed me,” he told Seatrade Maritime News in a wide-ranging interview last week. “It has not only been a question of fighting the i...